2 bedroom apartment for sale

Available

Banyan Court, Regalia Close, E16 2NZ

£130,625 · Shared Ownership New Build

Share percentage 25%, full price £522,500, £6,531 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£130,625 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £522,500, £6,531 Min Deposit.

Monthly Cost: £1,829
Rent £898, Service charge £280, Mortgage £651*

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

Deposit contribution of £6,500 for a limited time only

Description

TRADERS QUARTER, ROYAL WHARF -SHARED OWNERSHIP

VIEWINGS AVAILABLE - CALL TODAY TO BOOK YOUR APPOINTMENT

  • Full Value: £522,500
  • Size = 876 sq ft
  • Minimum Share = 25% = £130,625.
  • Deposit Minimum = 5% = £6,531.
  • Rent = 2.75% (based on a 25% purchase, this would cost £898 per month).
  • Service Charge = £280 per month. This will include your access to the Royal Wharf Clubhouse.
  • No Ground Rent to be paid unless you reach 100% ownership in the future.


Flat 192 Banyan Court is a stunning new Two Bedroom apartment available on the Shared Ownership scheme, located within the amazing Royal Wharf development in E16.

The highest quality specification is boasted throughout, including integrated Siemens appliances to the kitchen with tiled splashbacks and under unit LED lighting. Engineered Oak flooring to the hallway and kitchen / lounge area as well as fitted wardrobes to both bedrooms and an en suite to the Master Bedroom.

The Development

Located in Silvertown, East London, Royal Wharf is one of London's best new places to live in. With all the local amenities you could wish for (and more to come), from a local supermarket to a market square, coffee shops, a new primary school, gym, riverside parks, walks and cycle-routes, there's a real sense of a new community taking shape. Royal Wharf has become a great place to call home.

Home buyers with the future in mind will be excited by the transformation of the Royal Docks area taking place now and over the coming years, with new transport links, including a feature-pier which will be served by Thames Clippers, and prices that are currently around 25% less than those of similar homes close to Canary Wharf.

Transport

The development is situated with the River Thames to the south and North Woolwich Road to the north with the Royal Docks beyond. The site is conveniently situated between two DLR stations (West Silvertown to the west and Pontoon Dock to the east).

Canning Town (a 5 minute journey on the DLR) connects Royal Wharf to the Jubilee Line and London Underground network. The Crossrail station at Custom House will open up faster travel between east and west London and beyond.

Both Canary Wharf and the City of London are an easy and short commute from Traders' Quarter.

Travel Times from West Silvertown DLR Station

2 minutes to Canning Town
3 minutes to London City Airport
9 minutes to Canary Wharf
10 minutes to Stratford
15 minutes to London Bridge
16 minutes to Bank
22 minutes to London Liverpool Street

*times provided by TFL Travel Planner

Local Area

Royal Wharf is a rich, relaxed neighbourhood, focused around a pedestrianised central high street, a broad market square and riverside park. The village has been designed with a network of paths to encourage walking, running and cycling. To experience the sense of space here there is no better way than to stroll the riverside walks. To the west is Lyle Park, with a play area for children, basketball court, tennis court, and football pitch, To the east are the 22 acres of the award-winning Thames Barrier Park.

What is Shared Ownership?

Shared ownership properties are sold through housing associations. You purchase a share between 25% and 75% of the property using a deposit and mortgage.

Shared ownership properties are leasehold properties, meaning you will own the lease on them for a fixed period of time, typically 125 years. You also have to pay a service charge for the property, which is usually charged on a monthly basis.

Please note, to be eligible for the Shared Ownership Scheme at Traders' Quarter you must live or work in a London Borough, not currently own another property and not exceed the maximum household income of £90,000.

Please contact the sales team for further information and to book a Viewing Appointment or Virtual Show Home Tour.

*Limited time only.

Key Features
  • Shared Ownership available from 25% minimum share
  • Final apartments now remaining in Banyan Court
  • Short walk to Pontoon Dock and West Silvertown DLR Stations
  • High specification including integrated appliances, engineered oak flooring and Silestone quartz worktops
  • Large private terrace
  • Fitted wardrobes to bedrooms
  • Access to 24/7 Concierge and on-site Clubhouse
  • Close to green open space at Thames Barrier Park
  • Show Home Viewings and Virtual Tours available
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Pontoon Dock (0.23 miles) West Silvertown (0.28 miles) Custom House (0.59 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.

£130,625
Shared Ownership New Build
Estimated Monthly Cost:£1,829
Rent £898
Service Charge £280
Mortgage £651

Share percentage 25%, full price £522,500, £6,531 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.