Share Price £138,000 (from 40% Min. Share)

Full Value £345,000 | £6,900 Min. Deposit

Scheme: Shared Ownership Resales

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The Point - 2 bed apartment in Newham

place The Point, E13 0NT

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One Housing Group

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Recently refurbished 2nd Floor 2 double bedroom modern flat


Eligibility

Eligibility Criteria

Household income must not exceed £80,000 (outside of London) or £90,000 (in London)
Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)
No cash buyers
No pets
Applicants must be able to afford their purchase, and sustain their housing costs
Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners
Applicants must be unable to purchase a property suitable to meet their needs on the open market
Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


Description

This recently refurbished two double bedroom modern flat is located on the 2nd Floor of the building and has the security benefit of a phone- entry system, off road allocated parking and double-glazed windows.

It comprises of a lounge which is open plan to the kitchen, equipped with oven, hob and hood. Wood laminate flooring is throughout the hallway, lounge and bedrooms with exception to tiled floors in the kitchen and bathroom.

One bedroom consistwith a built-in wardrobe and the storage continues in the hallway with an extra two large cupboards.

The bathroom is close to both bedrooms and includes a shower over the bath and shaving power supply unit.

The property is in an excellent location, a mere 5 minutes walking distance to Plaistow Station and bus stops with excellent transport links for Stratford City and Westfield Shopping Centre. You will find just outside your door step are local shops such as a Post Office, an Internet Café and other convenient stores as well as recreational facilities at West Ham Park which is within 10 minuteswalking distance.

The balcony and one of the bedrooms has a fabulous view just off the main road. Viewing of the property is highly recommended.

125 year lease from 14th November 2007


Key Features

Key Features:

Off Road Parking

Reception - 3.8 x 2.7m plus 2.8 x 2.5m

Kitchen - 3.2 x 2.2m

Bedroom One - 4.3 X 3.1m

Bedroom Two - 3.8 x 3.0m

Balcony with external lighting

Door entry phone system

Fitted Wardrobe in Bedroom

Wooden flooring in lounge/bedroomsand hallway

Tiled floor bathroom& Kitchen

Shower over bath and fitted heated towel rail

Fitted kitchen with oven, hob and hood

Close to local amenities

Close to transport links


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Calculate Monthly Cost

Share price
£ 138,000
Min. £138,000
Share percentage
Min. 40%
Your deposit
Min. £6,900
Monthly cost*
£1,267
Cost breakdown
£396
Rent
£183
Service charge
£688
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.