3 bedroom apartment for sale

Available

Compass House, 11 Raine Street, E1W 3AU

£146,250 · Shared Ownership Resale

Share percentage 25%, full price £585,000, £14,625 Min Deposit.

Available
3 bedrooms
1 Bathroom
Viewings TBC - Please register interest
Floor plan
floor-plan
Floor plan
floor-plan
£146,250 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £585,000, £14,625 Min Deposit.

Monthly Cost: £2,115
Rent £1,071, Service charge £414, Mortgage £630*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Eligibility

As a guide you will need to have a household income of at least £82,072. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,625. Total approximate savings required £18,625.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

 

Summary

3 Bedroom 3rd floor flat with External balcony area based in Wapping

Description

The property is a three bedroom flat located on the third floor of a modern purpose-built residential development in Wapping. There are shared ownership units and affordable rent (social housing). It is situated in an established and desirable mixed residential and commercial location close to Canary Wharf.

Accommodation

Internally
Ground Floor: Communal Entrance Hall with passenger lift.


Third Floor: Hallway, Lounge/ Kitchen, Three Bedrooms, Bathroom with WC.

Externally: The subject property has use of a balcony.

GIA

77 sq.m

EPC rating

C

Length of lease

117 Years Remaining

Borough

Tower Hamlets

Key Features
  • 3 Bed property
  • External balcony 
  • Communal Grounds
  • Close proximity to Health care centre, Local shops, Cafes, Coffee bars and parks.
  • Walking Distance to Northern line underground and south west railway overground.
  • Number of scheduled Bus Routes nearby

 

Property Downloads
Floor Plan Energy Certificate
Map
Shadwell (0.25 miles) Wapping (0.27 miles) Rotherhithe (0.49 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.

£146,250
Shared Ownership Resale
Estimated Monthly Cost:£2,115
Rent £1,071
Service Charge £414
Mortgage £630

Share percentage 25%, full price £585,000, £14,625 Min Deposit. Calculated using a representative rate of 3.09%


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.