4 bedroom maisonette in East London for £165,000 at Glenkerry Co-operative Housing Association

Filed under: London | For Sale maisonette

Number of beds: 4

4 bedroom maisonette in Poplar for £165,000
Looking for an affordable home in East London? Consider joining Glenkerry Co-operative Housing Association based in Poplar. We have been running for over 35 years and are the only surviving co-operative scheme of its kind. It is considered to be a model for co-operative management for buildings of this type.
We are currently looking for co-operative minded people to join our waiting list for a four-bedroom maisonette, situated on the ground floor, which includes a garden.
This is a rare opportunity to buy a spacious home in excellent condition, in a listed building in the heart of East London at a heavily discounted price.
The next viewing of the maisonette will take place on the evening of 12 July. Please email us for more details.
OCCUPANCY POLICY:
Our policy is that there should be a minimum occupancy of 3 to 4 people in a four bedroom flat. This maisonette is therefore ideal for a family, although not restricted to families.
PRICE:
The selling price of the maisonette is £165,000
Why is the flat so cheap?
Under the terms of Glenkerry Houses lease, the flat is for sale for owner-occupation only at half the Valuation Office Agencys (VOA) valuation. VOA's assessed price is £330,000 (Price correct for the last valuation in March 2016.) This is essentially a 50% discount on the value of the flat, it is not a shared ownership scheme - you pay half price and wholly own the lease. It is not a buy half / rent half payment scheme.
Monthly Service Charge is £211 and includes seasonal heating (October to April) and cyclical maintenance.
SIZE OF FLAT:
Kitchen: 15ft 10 by 6ft11
Living Room: 15ft 7 by 11ft 4
Reception (at the bottom of the stairs): 5ft by 7ft
Master Bedroom: 13ft by 11ft
Bedroom 2: 9ft by 11ft
Bedroom 3: 8ft 10 by 7ft 7
Bedroom 4: 11ft 4 by 7ft 5
ABOUT GLENKERRY HOUSE:
The 13-storey block was designed by the world famous architect Erno Goldfinger and since October 2015 has been a Grade-II listed building.
Glenkerry House offers airy living space from within Zone 2, with excellent transport links, for example to Canary Wharf, Lewisham, Central London and Stratford.
Glenkerry Residents run the co-operative entirely themselves. Everyone who buys is expected to participate by sitting on the management committee or contributing positively in other ways. This is a friendly, supportive environment with occasional social activities for residents such as a summer barbecue and Christ
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