Coalstore Court

Overview

SHARED OWNERSHIP

Full Market Value: £430,000

You Pay (60%): £258,000

Monthly Rent: £387.53

Monthly Service Charge: £191.69

Parking charge: There is an underground car park for residents. Once successfull you will need to apply for a space for a weekly parking charge of £5.50.

125 year lease commenced in April 2007 - 109 years remaining

EWS1 - Guidance from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria. 

This spacious apartment consists of an open-plan kitchen and living area, flooded with natural light from wide floor-length windows, which open onto a private balcony. The kitchen is fitted with a range of beech wood effect units, with integrated oven, hob, and extractor fan and spaces for a washing machine and fridge freezer. There are two double bedrooms, the master benefitting from built in storage.  The modern bathroom comes complete with a white three-piece suite with a shower over bath and a white tile surround. 

The Grand Union Place development is adjacent to the Grand Union Canal, Mile End Park and within easy reach of Victoria Park, offering the opportunity to live in an area that has excellent access to a wide array of shops, bars and restaurants.

It is fast becoming one of east London's most fashionable areas with the Tech City initiative, acres of green space in Mile End Park, the street markets of Columbia Road and Brick Lane and Limehouse's neighbours of Shoreditch and Hoxton. Here you're spoilt for choice when it comes to vibrant, buzzing bars, restaurants, independent boutique stores, cinema, entertainment and the arts.

Candle Street is almost equidistant to Mile End (Central, District and Hammersmith & City) Stepney Green (District and Hammersmith & City) and Limehouse stations (Overground and DLR) all within a 15-minute walk away. Limehouse station gives direct routes to Bank and Fenchurch Street in 5 minutes. Or change at Shadwell and be in Shoreditch in 13 minutes and travel direct to London City Airport in just 15 minutes. Tesco's, Sainsbury's and Asda are all nearby.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £72,641. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property inone of our schemes. If you are not registered, please visit our website lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of May 2025.

*The £500 B&Q Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st August 2025 and then completes on the sale before 31st December 2025. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the Sole or Primary Purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. L&Q reserve the right to remove an incentive at any time.