2 bedroom apartment for sale

Available

Heron Place, 4 Bramwell Way, E16 2FJ

£143,750 · Shared Ownership Resale

Share percentage 25%, full price £575,000, £14,375 Min Deposit.

Available
2 bedrooms
£143,750 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £575,000, £14,375 Min Deposit.

Monthly Cost: £1,698
Rent £727, Service charge £242, Mortgage £729*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than �90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

Two-bed (107m2), ground floor duplex with balcony and parking, now available in Newham

Description
Once you have registered your interest, you will receive an email to book your viewing.

Heron Place is a two-bedroom apartment property located on the ground and first  floor in a four storeys block, built around 2010. The lease remaining on the property is 113 years.


There are good transport links with Pontoon Dock DLR station 0.1 miles away, served by DLR linking to Canary Wharf in 20 minutes. Local buses serve the area and the night buses links to Victoria.

Local amenities are located 0.1 miles away in the same building. For leisure and enjoyment, Beckton shopping centre is within 3.1 miles.
  • Nearest Station: Pontoon Dock DLR station (Zone 3) - DLR
  • Bus Routes Nearby: 474, 473
The property located on the ground and first floor comprises:
  • Entrance: Hallway with under stair storage cupboard and entry phone system.
  • Living room: Spacious lounge with lots of natural light. Laminate wood flooring.
  • Open plan kitchen: Beige wall units with beige worktop and plinth back splash. Freestanding appliances in very good condition. Tiled flooring.
  • Bedroom one: Double bedroom. Carpeted flooring
  • Bedroom two: Double bedroom. Carpeted flooring
  • Bathroom: Cream suite comprising panelled bath with shower head, WC and hand washbasin. Tiled flooring.
  • Outside: Large private balcony, parking space, secure cycle storage and communal garden.
What happens after I register my interest?
After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact href="mailto:enquiries@peabodynewhomes.co.uk" style="color:#0563c1; text-decoration:underline">enquiries@peabodynewhomes.co.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information
  • Tenure: Leasehold
  • Remaining lease term: 113 Years
  • Annual service charge amount: £2,905.20
  • Service charge review period: 1st April annually
  • Council tax band: Band C
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Map
Pontoon Dock (0.14 miles) London City Airport (0.50 miles) Prince Regent (0.51 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 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.

£143,750
Shared Ownership Resale
Estimated Monthly Cost:£1,698
Rent £727
Service Charge £242
Mortgage £729

Share percentage 25%, full price £575,000, £14,375 Min Deposit. Calculated using a representative rate of 4.64%


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.