coldwellbanker.co.uk | Sold | 1 Bed Apartment Leven Road Poplar
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Leven Road, Poplar, E14 Sold £325,000 PCM Offers over

1 Bedroom(s) 1 Bathroom(s) 1 Receptions 51.25 sqm

FOR SALE AT COST PRICE - WON'T LAST! -

A stunning and unique 1 bedroom, 1 bathroom plus balcony apartment with stunning direct river facing views is situated in the upcoming new development, Leven Wharf and now available for sale off plan by reassignment. Alongside its fantastic direct river views, the apartment will have a beautiful designed interior, and a sumptuous bedroom, modern bathroom and spacious living area, which will be illuminated with natural light via large apartment windows.

Please see site plan in photograph 7 indicating the direct river frontage location of the flat within the development.
It is located near the Poplar Riverside development zone and 2012 Olympic Park completing August 2018. The Leven Wharf development combines excellent standards of design and construction with a practical and convenient Canning Town location, which is only a short walk away from Tube and DLR services at Canning Town, Langdon Park, All Saints and East India Quay stations. Leven Wharf is a 0.5 hectare waterfront site with direct frontage on to the river, and is part of the important and exciting Poplar Riverside development zone. It features secure basement parking for 25 cars and 162 bicycles, in addition to 300sqm of commercial floor space on the ground floor.

Transport Links are as follows:

  • The 'D8' bus is a 5 minute walk, journey time is 7 minutes to Canary Wharf and 12 minutes to South Quay.
  • Bus stop located just outside the flat is the '309' bus and goes to Canning Town which is is only 3 stops away.
  • Canning Town station is a short 15 minute walk away.
  • Cross rail is coming later this year into Custom House. Residents can get to Custom House in 3 minutes by DLR from Canning Town.
  • With Cross Rail you can be in – Oxford street in 15 minutes AND Paddington in 20 minutes.

In summary, the details of the reassignment are as follows: 

  • Completion date August 2018
  • Any reassignment must be done in August 2018 in the same month of completion with the developer
  • River facing view – west facing
  • 1 bed and 1 bathroom
  • Balcony
  • 1st floor
  • Vision homes are the developer
  • No parking
  • Service charges: £900pa
  • Ground rent: £350 pa
  • Lease term: 999 years from 2018, expires 3017

As the original exchange date was in 2015 the Stamp duty (SDLT) applies at the old rate before the HMRC increases in April 2016

By purchasing on reassignment investors and home buyers will be able to benefit greatly from the much lower stamp duty rates for home buyers and Buy to Let investors that applied in 2015 before the new hike in rates that applied after April 2016. Stamp Duty is less than £6000

First time buyers also greatly benefit whereby they will pay SDLT at 5% on the amount of the purchase price in excess of £300,000 and Stamp duty would be reduced to only £1000 


No Fees except agreed sellers commission




Features

    Long Term Lease, NewHomes, Washer, River view, Shops and amenities nearby, Air Conditioning, Fitted Kitchen, Concierge, Close to public transport, Balcony

EPC

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