1 bedroom flat for sale

£82,500 Shared ownership

Linnet House, Nest, Dunedin Road, London E10

1 bedroom flat for sale 1 1
Interested in this property? Call +44 20 8033 3921 * or Request Details

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Property description

Full market price - from £330,000
25% shared price - from £82,500
Monthly rent - from £567.19
Monthly service charge - £275

One bedroom apartment available on the following floors:

First; Second; Third; Fourth

A brand new development comprising 61 one, two & three bedroom shared ownership apartments, with shares available from 25%. Each of the apartments has been carefully designed to provide the best possible space, light and storage with fitted kitchens, modern bathrooms and balconies.
This stylish collection of one, two and three bed homes, are symbolic of Leyton’s transformation into a vibrant neighbourhood where it’s easy to belong. One of East London’s most sought-after new areas to live, Leyton now has the homes to match the exciting changes. Rising up as a modernist landmark, nest combines stylish urban living with a neighbourhood vibe. Around the waterways of Queen Elizabeth Olympic Park, it’s easy to forget how close the creative urban areas of Hackney and Shoreditch are. Being here really does give you the best of both worlds.

These new homes are well served for transport with Leyton underground station within 10 minute walk, providing easy access to the underground network and nation rail terminals.

Westfield Stratford City is also close by.

These new homes form part of a larger development, Siskin Apartments housing 43 shared ownership homes and 12 private sale apartments, the adjacent building Linnet House comprising 18 shared ownership homes.

Each apartment comes with wood laminate floor covering to hallway, living room and kitchen. Wool mix carpets to bedrooms.

Kitchens include oven, hob with extractor hood, fitted fridge/freezer and dishwasher. Washer/dryer is located in hallway cupboard.

  • All apartments have their own private balcony/terrace.

  • Allocated under-croft parking to selected apartments
  • Communal garden at podium level
  • Video entry system
  • Under-croft cycle storage
  • Lift service to each floor

    Shared Ownership

    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.
    As your income increases you can buy further shares of your home until you own 100% of the value and no longer share the ownership with us. The greater the percentage that you own, the lower the percentage on which you pay rent. However, if you do not wish to buy more shares in the property, you do not have to.
    Once you have purchased equity in your home, you are free to sell any time you choose. When you decide to sell we retain the right, for a short period, to nominate a purchaser to buy your home. This is to ensure that others unable to buy on the open market have the opportunity to purchase a home of their own.

    In order to qualify for Shared Ownership you must meet certain criteria, which include the following:
  • You will be expected to be a first time buyer, although some applications who previously owned a home may be eligible – such as relocation for work or relationship breakdown.
  • Your gross household income must not exceed £90,000 per annum.
  • You must be unable to afford to suitably sized home on the open market.
  • You will need to have sufficient savings of around £3,000 to cover the initial cost of the mortgage valuation or survey, legal fees and stamp duty, where applicable.
  • You must be able to meet the costs of rent, mortgage, service charges and other associated outgoings.
  • You must not own a home anywhere else in the world, unless a court order has forced you to remain on the deeds of a property.
  • You should be a British or EU/eea citizen or have indefinite leave to remain. If you do not have indefinite leave to remain, you will need to prove you can secure a mortgage with a suitable lender.
  • Property info

    Property value data/graphs for E10

    Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
    Detached £446,684 £446 3.3 £450,500
    Semi-detached £498,846 £512 3.4 £550,315
    Terraced £458,750 £481 3.1 £540,470
    Flats £304,521 £514 1.9 £342,080

    Current asking prices in E10

    Average: £443,511
    Avg. current asking prices in E10
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses £95,000
    (2)
    £767,500
    (6)
    £580,875
    (28)
    £612,143
    (21)
    £709,150
    (10)
    Flats £259,369
    (29)
    £357,240
    (58)
    £392,042
    (12)
    - -
    All £248,764
    (31)
    £395,702
    (64)
    £524,225
    (40)
    £612,143
    (21)
    £709,150
    (10)

    Current asking rents in E10

    Average: £1,341 pcm
    Avg. current asking prices in E10
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses £1,045 pcm
    (14)
    £1,440 pcm
    (5)
    £1,963 pcm
    (11)
    £2,072 pcm
    (9)
    £2,451 pcm
    (4)
    Flats £1,083 pcm
    (47)
    £1,332 pcm
    (58)
    £1,639 pcm
    (13)
    £1,824 pcm
    (4)
    -
    All £1,074 pcm
    (61)
    £1,340 pcm
    (63)
    £1,788 pcm
    (24)
    £1,996 pcm
    (13)
    £2,450 pcm
    (4)

    Fun facts for E10

    Highest value in E10
    Highest value streets Zed-Index
    Crawley Road £570,706
    Halford Road £559,795
    Sandringham Road £531,233
    Eatington Road £527,705
    Gloucester Road £523,166
    Highest turnover in E10
    Highest turnover streets Turnover
    Sophia Road 38.5%
    Lawton Road 34.2%
    Brisbane Road 31.6%
    Queens Drive 31.2%
    Serbin Close 30.0%
    Arrange Viewing

    For more information about this property, please contact
    Newlon Living - Nest, E10 on +44 20 8033 3921 * (local rate)

    Monthly running costs Beta

    £500 Monthly total

    Home Insurance

    Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £19/mo (£227/yr)
    Compare insurance deals now In partnership with uSwitch
    Home insurance costs explained

    Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

    Source: Autonet Insurance Ltd

    Energy

    Gas £17 Electricity £29 Estimated energy cost £46/mo

    Similar properties could save up to £245

    How Much Could I Save? In partnership with uSwitch
    Energy costs explained

    The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

    Estimated consumption

    Gas: 5500 kWh/year
    Electricity: 2100 kWh/year

    Source: National Energy Efficiency Data Framework

    Council Tax

    Local authority

    Waltham Forest

    Estimated tax band A Council tax cost £102 /mo
    when paid over 10 months
    Council tax costs explained

    The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

    Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

    Water

    Supply £9 Sewerage £10 Estimated water cost £19 /mo
    Water costs explained

    Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

    Total annual consumption (in cubic meters) is then averaged into a monthly cost.

    Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

    Contact Newlon Living - Nest about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Newlon Living - Nest, and do not constitute property particulars. Please contact Newlon Living - Nest for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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