2 bed flat for sale 21 Parnham Street, London E14

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.A well-presented and spacious two bedroom apartment located on the seventh floor of a modern residential development. The apartment comprises; open plan kitchen/reception room, two bedrooms and bathroom. The apartment benefits from double-glazed windows to the south, the west and the north elevations, affording far-reaching skyline views along the canal and beyond towards the towers at Canary Wharf. The building has lifts serving all floors and a large, paved communal roof terrace.Property Value: £410,000Minimum Share: 30%Share Value: £123,000Lease Term - 84 years (approx.)Rent pcm - £603.12Service charge pcm - £334.62Gross internal area: 667 sq.ft / 62 sq.mEPC Rating: BCouncil Tax Band: DGround rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)A variety of local shops and cafes can be found nearby in Salmon Lane and the apartment is well served by local bus routes and trains (both overground & DLR) from nearby Limehouse station with good public transport links to and from the City/ Liverpool Street, Canary Wharf, Central London and the West End.