1 bedroom apartment for sale
Newport House - Plot L.0314, 90 New Road, RM13 8DD
Share percentage 25%, full price £272,500, £3,406 Min Deposit.
Share percentage 25%, full price £272,500, £3,406 Min Deposit.
Monthly Cost: £983
Rent £468,
Service charge £131,
Mortgage £384*
Calculated using a representative rate of 5.15%
Calculate estimated monthly costs
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
Ideal first time purchase. 1 bedroom, 1 bathroom apartment. Available to reserve with just a £3,406 deposit. READY TO MOVE INTO
Description
Newport House - Plot L.0314
1 bedroom 10th floor apartment offering 50.7 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our show home.
£68,125 for a 25% share of £272,500 and a deposit as low as £3,406 and a minimum income of £38,113.
Full Market Value: £272,500- Shared Value (25%): £68,125
- Minimum deposit: £3,406
- Required income: £38,113
- Rent PCM: £468
- Council tax band: TBC
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. Over time, you can increase the share you own until you eventually own 100%
L&Q at Beam Park
Beam Park is a purpose-built, fully modern community that is being shaped near the banks of the Thames, where Rainham and Dagenham meet. Offering the perfect opportunity to get your feet on the property ladder, these 1 and 2 bedroom homes are ideal for professionals, couples and families alike.
Each new home has been fitted out with stylish integrated appliances, modern bathrooms, soothing lighting and fitted carpets. With attractive bright spaces throughout, you'll have all you need for convenient, contemporary living.
Key Features
- Ready to move into
- Open plan kitchen, living & dining area
- Integrated appliances
- Bedroom with fitted wardrobe
- Private balcony
- Outdoor space on your doorstep - short walk to Beam Valley Country Park
- 22 minutes to Fenchurch Street from Dagenham Dock station
- Fast and efficient bus routes for Essex and London
- Minutes to the A13 for access to the M25 - Essex, Kent and across London
- Two large shopping destinations, Westfield Stratford City and Lakeside less than 30 mins drive away
Particulars
Tenure: Leasehold
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure BrochureVirtual Tour
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £272,500, £3,406 Min Deposit. Calculated using a representative rate of 5.15%
