Viewing event | Saturday 27th April 2019 | Email: To book a placeAll apartments have their own private balcony/terrace.
Full market price - from £330,000
25% share price - from £82,500
Monthly rent - from £567.19
Monthly service charge - from £275
One bedroom apartment available on the following floors:
Ground; First; Second; Third; Fourth; Sixth; Seventh; Eighth; Ninth; Tenth
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.
Allocated under-croft parking to selected apartments
Communal garden at podium level
Video entry system
Under-croft cycle storage
Lift service to each floor
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.