SHARED OWNERSHIP

Pilch House - One Bed

SHARED OWNERSHIP

Pilch House - One Bed

Register interest

Once you have registered your interest, you will receive an email to book your viewing.

Pilch House is a one-bedroom property located on the first floor of a four storey apartment block built around 2017, the block has lift access. The lease remaining on the property is 120 years.

There are good transport links with Devons Road DLR located at 0.1 miles and Bromley by Bow station located 0.4 miles away.

Local buses serve the area and the night buses links to Stratford and Olympic Park.

For leisure and enjoyment, Shops, Bars and Restaurants are within 0,4 miles.

  • Nearest station: Devons Road DLR and Bromley by Bow station.
  • Bus routes nearby: 108

The property located on the first floor comprises:

  • Entrance: Hallway with two large fitted storage cupboards and video entry phone system.
    Living Room: Spacious living area with lots of natural light and balcony door leading onto the private balcony. Wooden flooring.
    Kitchen: Beige high gloss wall units with laminate slate effect worktop. Integrated appliances in very good condition. Wooden laminate flooring.
  • Bedroom one: Double bedroom with wooden flooring and fitted wardrobe.
  • Bathroom: Beige suite comprising bath with shower head, WC and hand washbasin with large mirrored cabinet over. Tiled flooring.
    Outside: Large private balcony, secure cycle storage and communal garden.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form. 

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact Peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Remaining Lease Term: 120 Years
  • Annual ground rent amount: £350
  • Ground rent review period: Every 10 years
  • Annual service charge amount: £2,226.72
  • Service charge review period: 1st April annually
  • Council tax band: Band C

Floorplan

floorplan

Financials*

Full Value

£372,000

Share Price

£93,000

Share Value

25%

Monthly Cost

£1,334

Monthly Mortgage

£400

Monthly Rent

£749

Monthly Service Charge

£186

Minimum Household Income

£47,250

Maximum Household Income

£90,000

Deposit Required

£9,300

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody sales team for more details.

Location

Pilch House, 27 Violet Road, London, Tower Hamlets, E3 3XE Open in Google Maps

map

Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

Before submitting your details, please read the terms and conditions, and read how we will use your personal information as described in the privacy policy.