£532,500
2 bed flat for saleMarshgate Lane, Stratford - Newham E15
2 beds
1 bath
1 reception
EPC Rating: B
About this property
Balcony
Double glazing
Available with Shared Ownership with a share starting from 25%
Deposits from 5%
Flooring in living areas and carpet in bedrooms
Bike storage
Contemporary fitted kitchen
2 bedrooms
Modern bathroom
The living area opens onto a private balcony, providing an ideal space to enjoy canal views and outdoor living. The apartment is finished with wood-effect lvt flooring throughout the living areas, while both bedrooms are fitted with soft grey-mix carpet for added comfort. Bedrooms include fitted wardrobes with sliding mirrored doors, while the second bedroom is well suited as a home office, guest room or child’s bedroom. The bathroom is finished to a high standard, with large-format white ceramic tiles to key areas, Roca sanitaryware, a heated towel rail, and a contemporary LED mirrored cabinet. Additional benefits include ample internal storage, creating a practical and well-balanced home suited to modern living.
Dimensions:
Kitchen/Living/dining room: 4.0 x 5.9m
Bedroom 1: 2.8 x 4.5m
Bedroom 2: 3,0m x 2.9m
Size: 61m2
Eligibility
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee. At this development you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• Priority will be given to people who live or work in Newham.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain. Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
* Length of Lease speak to sales consultant for further clarification
*These photos are for information purposes only and may not represent a true likeness
Floorplans are not to scale and are indicative only. Location of windows, doors, bathroom fittings, kitchen units and appliances may differ. Dimensions given are approximate and should not be used to order carpets or furniture. External area sizes and locations may differ from those illustrated. Sovereign Network Group is charitable.
Mortgage calculator
£2,663 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (990 years)
Service charge
£341 per month
Council tax band
Ground rent
Ground rent date of next review



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