1 bed Apartment for sale, Tower Hamlets
£92,500 ll
Property Ref: 17243 Located within the modern and highly sought-after Riverstone Heights development at 8 Reed Avenue, E3, this attractive one-bedroom leasehold apartment presents an excellent opportunity for first-time buyers through a 25% Shared Ownership scheme. Perfectly positioned just one minute from Bromley-by-Bow Underground Station, the property offers exceptional connectivity across London, making it an ideal choice for professionals, commuters, and those seeking convenient city living. Designed with contemporary lifestyles in mind, the apartment comprises a spacious double bedroom, a modern bathroom, a bright and welcoming living area, and a stylish fitted kitchen with ample storage and workspace. Large windows allow an abundance of natural light to flow throughout the home, creating a comfortable and inviting living environment. Residents benefit from access to a beautifully maintained communal garden, providing a peaceful outdoor space to relax and unwind. The development also features a cooling system, offering enhanced comfort throughout the warmer months and ensuring a pleasant living environment year-round. As an added incentive, the seller is offering a £1,000 voucher incentive, making this an even more attractive opportunity for prospective buyers. The property is held on a lease with approximately 990 years remaining, providing long-term security and peace of mind. There is no ground rent payable, and the annual management charge is £2,320.44, contributing towards the maintenance and upkeep of the development's communal facilities and grounds. Available under a 25% Shared Ownership scheme, this home provides an affordable route onto the property ladder within one of East London's most vibrant and rapidly growing neighbourhoods. Riverstone Heights enjoys excellent access to a wide range of local amenities, including shops, cafés, restaurants, parks, and leisure facilities. Its prime location, combined with outstanding transport links, places Canary Wharf, Stratford, The City, and other key London destinations within easy reach. The property is available immediately and represents a fantastic opportunity to acquire a modern home in a thriving East London community. **** For further information or to arrange a viewing, please contact our dedicated sales team today. **** Property Information Property Type: Apartment Full Market Value: £370,000 Tenure: Leasehold Pricing Option: Shared Ownership Share Available: 25% Share Price: £92,500 Monthly Rent (based on 25% share): £635.95 Monthly Service Charge: £193.37 Remaining Lease: Approximately 990 Years Ground Rent: £0 per annum Annual Management Charge: £2,320.44 Council Tax Band: C EPC Rating: B Cooling System: Yes Communal Garden: Yes Incentive: £1,000 Voucher Possession: Available Immediately
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