2 bedroom apartment for sale

Available

The Sidings Apartments, Pier Road, E16 2FH

£80,000 · Shared Ownership Resale

Share percentage 25%, full price £320,000, £8,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£80,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £320,000, £8,000 Min Deposit.

Monthly Cost: £1,111
Rent £635, Service charge £131, Mortgage £345*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Eligibility

You will need to be earning a guidance income of £42,137. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £8,000. Total approximate savings required £12,000.

Important borough specific eligibility criteria

Borough of Newham

Priority will go to applicants with a connection to Newham but all applicants can apply.

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

Two bedroom third floor flat with parking available in the London borough of Newham through Shared Ownership

Description

This is a two bedroom flat located on the third floor of a four storey building. The property has a private balcony with views over the River Thames and is close to local facilities

Third Floor

  • Open plan kitchen/living room
  • Two bedrooms
  • Bathroom

Externally

  • One allocated parking space
  • Private balcony
  • Access to communal grounds

GIA

72 SQM

Lease length

87 Years remaining

Borough

Newham

Key Features
  • Private balcony
  • Allocated parking
  • Access to communal garden
Property Downloads
Floor Plan Energy Certificate
Map
King George V (0.21 miles) Cyprus (0.64 miles) Woolwich Arsenal (0.68 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.

£80,000
Shared Ownership Resale
Estimated Monthly Cost:£1,111
Rent £635
Service Charge £131
Mortgage £345

Share percentage 25%, full price £320,000, £8,000 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.