Share Price £150,000 (from 25% Min. Share)

Full Value £600,000 | £15,000 Min. Deposit

Scheme: Shared Ownership

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L&Q at Chobham Manor - 2 bed apartment in Newham

place 10 Olympic Park Avenue, E20 1FT

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2 bedroom apartment available for £150,000 with Shared Ownership in Stratford!


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.

Description

2 bedroom apartment available for £150,000 at Goswell House in Stratford! Ready to move in!

Goswell House - Apartment 468

2 bedroom ground floor apartment with outdoor space. Contact a member of our sales team now to view our new show home.

£150,000 for a 25% share of £600,000 and a deposit as low as £15,000 and a minimum income of 67,892.

Stratford

Within a new cultural hub for East London, surrounded by the waterways, grasslands and world class sporting venues of Queen Elizabeth Olympic Park, Chobham Manor is where an exciting urban lifestyle meets a calm rural retreat. This lively and evolving neighbourhood is ten minutes from the City but with an identity all of its own.

A short stroll brings you to Stratford International, one of London’s major transport hubs. Enjoy the benefits of a shorter commute with Central Line trains to Liverpool Street and Jubilee Line trains to Canary Wharf taking less than 10 minutes. Or you can be amongst the bustle of the West End in less than 20 minutes. Stratford will benefit from the upcoming Elizabeth Line which will link the capital’s major commercial and business districts - Heathrow, the West End, the City and Canary Wharf more effectively than ever before. With the arrival of Crossrail your journey to Heathrow from Stratford will be cut to 40 minutes. When it comes to weekend trips, London City Airport is 20 minutes away and Stansted 55 minutes. Or pack a weekend bag and head to Paris or Brussels via London St Pancras International in just 10 minutes.

Green Surroundings

Chobham Manor is nestled between East Village, formerly the Athletes’ Village, and the Lee Valley. Step outside your new home and discover thoughtfully planted walkways, award winning parklands and peaceful waterways where it’s easy to unwind. You canpick up the various cycle routes around the River Lea exploring the historic rural and urban landscape that makes this area of East London so unique.

Cultural Hotspot

This vibrant neighbourhood really is like no other in London. On your doorstep is the East Village cultural district, an eclectic mix of independent cafés, restaurants, bars and shops. For instance, when it comes to West End style shopping - Westfield Stratford City, one of Europe’s largest shopping destinations is a short stroll away. It is home to 300 shops, restaurants, bars and entertainment including a bowling alley, casino and a 17 screen cinema complex. Stratford also brings East London’s artistic enclaves within easy reach. In the old warehouses of Hackney Wick around the Lee Navigation canalside sits the highest concentration of artist
studios in Europe - just one stop on the Overground.

Shared Ownership at Chobham Manor

We know that buying a home in London – especially if you’re a first time buyer – can often seem unachievable. Shared Ownership through L&Q at Chobham Manor is a way to get on the ladder that’s more affordable than a traditional purchase. You can buy a 25% – 75% share of your new home. You’ll then pay a mortgage on this and subsidised rent to us on the remaining share. Usually you need a deposit of just 10% of the value of your share, meaning you can enjoy the stability of home ownership with a much lower upfront cost. As time goes on and your income rises, you’ll have the option to ‘staircase’ – to increase the amount you own by buying extra shares. During your ownership, you can do this three times, with prices based on the market value of your home at the time, and some fees involved. Eventually, you can own 100% of your home, and no longer pay rent.

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 by virtual tour. *We are taking extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.

*Terms and conditions apply


Key Features

  • Close to Stratford International Station
  • Fully integrated appliances
  • Private garden, balcony or terrace to every home
  • Video door entry system
  • Ample storage
  • En-suite bathroom

Download Documents

Link to the floor plan Property brochure 1 Property brochure 2

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Calculate Monthly Cost

Share price
£ 150,000
Min. £150,000
Share percentage
Min. 25%
Your deposit
Min. £15,000
Monthly cost*
£1,627
Cost breakdown
£750
Rent
£191
Service charge
£686
Mortgage*
Calculated using a representative rate of 3.64%
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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.