1 bed flat for sale

Riverstone Heights, Tower Hamlets, London E3

Property Ref: 17243

Located within the modern and highly sought-after Riverstone Heights development at 8 Reed Avenue, E3, this attractive one-bedroom leasehold apartment presents an excellent opportunity for first-time buyers through a 25% Shared Ownership scheme.

Perfectly positioned just one minute from Bromley-by-Bow Underground Station, the property offers exceptional connectivity across London, making it an ideal choice for professionals, commuters, and those seeking convenient city living.

Designed with contemporary lifestyles in mind, the apartment comprises a spacious double bedroom, a modern bathroom, a bright and welcoming living area, and a stylish fitted kitchen with ample storage and workspace. Large windows allow an abundance of natural light to flow throughout the home, creating a comfortable and inviting living environment.

Residents benefit from access to a beautifully maintained communal garden, providing a peaceful outdoor space to relax and unwind. The development also features a cooling system, offering enhanced comfort throughout the warmer months and ensuring a pleasant living environment year-round.

As an added incentive, the seller is offering a £1,000 voucher incentive, making this an even more attractive opportunity for prospective buyers.

The property is held on a lease with approximately 990 years remaining, providing long-term security and peace of mind. There is no ground rent payable, and the annual management charge is £2,320.44, contributing towards the maintenance and upkeep of the development's communal facilities and grounds.

Available under a 25% Shared Ownership scheme, this home provides an affordable route onto the property ladder within one of East London's most vibrant and rapidly growing neighbourhoods.

Riverstone Heights enjoys excellent access to a wide range of local amenities, including shops, cafés, restaurants, parks, and leisure facilities. Its prime location, combined with outstanding transport links, places Canary Wharf, Stratford, The City, and other key London destinations within easy reach.

The property is available immediately and represents a fantastic opportunity to acquire a modern home in a thriving East London community.

**** For further information or to arrange a viewing, please contact our dedicated sales team today. ****

Property Information

Property Type: Apartment
Full Market Value: £370,000
Tenure: Leasehold
Pricing Option: Shared Ownership
Share Available: 25%
Share Price: £92,500
Monthly Rent (based on 25% share): £635.95
Monthly Service Charge: £193.37
Remaining Lease: Approximately 990 Years
Ground Rent: £0 per annum
Annual Management Charge: £2,320.44
Council Tax Band: C
EPC Rating: B
Cooling System: Yes
Communal Garden: Yes
Incentive: £1,000 Voucher
Possession: Available Immediately

For viewing arrangement, please get in touch with 99home.

If calling, please quote reference: 17243

gdpr Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information.
*Virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor/landlord, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you choose to make an offer based solely on a virtual viewing, then 99Home Ltd does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content.

Aml: To comply with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, , who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 per buyer, payable direct to AMLTeam . Please note, we are unable to issue a memorandum of sale until the checks are complete.
Referral fees We may suggest reputable providers of supplementary services, such as Conveyancing, Financial Services, Insurance, and Surveying. If you choose to utilize their services based on our recommendation, we may receive a commission payment or another form of benefit, referred to as a referral fee. It's important to note that you are not obligated to engage with the services of the recommended provider.

*Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
*General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
*99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Fraud warning We have had reports of fraudulent activities in our industry. Do not make any payment directly to the landlord or the seller. Be cautious of emails or messages asking you to transfer funds to any account, please contact us by telephone immediately to verify the authenticity of the communication and under no circumstances action the request. If you paid any deposit or rent to 99home, we will release the fund to the landlord once you have moved in. Your safety is our top priority.