2 bedroom apartment for sale
Available
Plot 01.05, Bream Street, Fish Island, E3 2NN
£131,250 · Shared Ownership New Build

Share percentage 25%, full price £525,000, £6,563 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£131,250 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £525,000, £6,563 Min Deposit.

Monthly Cost: £1,688
Rent £820, Service charge £214, Mortgage £654*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Lock No.19 offers a 2 bedroom apartment at £131,250 available with Shared Ownership located in Hackney Wick!

Description

Plot 01.05

Incentives available on selected plots*

2 Bed First Floor Apartment - reserve now with a 5% deposit.

Available to purchase with Shared Ownership, buyers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

£131,250 for a 25% share of £525,000 and a deposit as low as £6,563and a minimum income of £60,858.

Please download our attached brochure for specification details.

Lock No.19
The apartment interiors are light, comfortable and cleanly designed with each apartment offering everything you need, whilst remaining a blank canvas waiting for you to make it your very own home. With selective views over the world class Queen Elizabeth Olympic Park and Stratford, living at Lock No.19 provides a unique opportunity to be right in the heart of London’s newest creative quarter, putting you in an exciting location with popular hangouts on your doorstep.

Dimensions
Living/Kitchen/Dining Room 5.5mx4.2m 18'1"x13'9"
Bedroom 1 4.3mx2.2m 14'1"x7'3"
Bedroom 2 5.4m x 2.8m 17'9"x9'2"
Balcony 1 5.1mx2.2m 16'9"x7'3"
Balcony 2 3.8mx1.7m 12'6"x5'7"

Hackney Wick Connections
Lock No.19 is in a trendy Zone 2 location, within walking distance to Hackney Wick Overground station, Pudding Mill Lane DLR station and Stratford Station. Fish Island is well known for its independent cafes, breweries and warehouse pop up Island's friendly vibe and artistic scene puts you in an area that has it all.

Viewings
For those who would like to and are able to visit us, the Show Home is now open on an appointment-only basis, with extra measures in place to ensure your wellbeing. Please call us to book your appointment. If you would prefer to speak to our Sales Team from your own home, they are still on hand and can conduct appointments via phone, email and virtual tour. We are taking extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.

What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder.
The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%. *Household incomes are based on joint applications. Single applications are able to apply but may need to increase their deposit contribution to meet shared ownership affordability requirements.

*Terms and conditions apply

Key Features
  • Open plan living / dining
  • Outdoor space
  • Desirable specification
  • Residents landscaped garden
  • Close to Hackney Wick station
  • Close to Queen Elizabeth Olympic Park
  • Reach Camden Road in under 20 minutes
  • Reach London Liverpool Street in under 30 minutes
Property Downloads
Floor Plan Brochure
Video Tour
Map
Pudding Mill Lane (0.39 miles) Hackney Wick (0.45 miles) Stratford International (0.63 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£131,250
Shared Ownership New Build
Estimated Monthly Cost:£1,688
Rent £820
Service Charge £214
Mortgage £654

Share percentage 25%, full price £525,000, £6,563 Min Deposit. Calculated using a representative rate of 3.94%


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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.