1 bedroom apartment for sale
Abbotts Wharf, E14 6JL
Share percentage 25%, full price £260,000, £6,500 Min Deposit.
Share percentage 25%, full price £260,000, £6,500 Min Deposit
Monthly Cost: £1,436
Rent £813,
Service charge £295,
Mortgage £328*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
One bedroom ground floor apartment with private balcony in Poplar.
Description
SHARED OWNERSHIP
Full market value - £260,000
You pay (25%) - £65,000
Monthly rent - £813.08
Service charge - £294.98
Annual Ground Rent - £250.00
Council Tax Band - C
125 year lease commenced in January 2016 (116 years remaining)
EWS1 Certification is available for this property - A1 Rating: We are now working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.
L&Q welcomes you to view this one bedroom, 1st floor apartment.
This apartment consists of an open-plan kitchen and living area, opening out onto a private balcony with canal views. The kitchen is fitted with light wood effect wall and base units, with a light wood effect worktop and white tiling. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan. One double bedroom benefits from a built-in wardrobe. The bathroom comes complete with a new modern white three-piece suite with a shower over the bath, and grey tile surround. New carpet throughout hallway, bedroom and living area.
Abbott's Wharf is just half a mile from Westferry Road DLR Station which offers good links to the City and Canary Wharf and less than a mile from Mile End station, giving access to the District, Central, and Hammersmith & City lines. The development has many nearby amenities including Crisp Street market. This property is right next to a TFL city bike hire station. This, together with the canal path, allows you to reach places like Stratford or Tower Bridge fast & with a nice journey.
You will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £54,813. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note; applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. To register, please visit our website - www.lqhomes.com
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of April 2025.
Key Features
- Gas central heating (not tested)
- Entry phone system
- Communal gardens
- 24/7 concierge/security service
- Private Balcony
- Good EPC Rating - C
- Limehouse Station under a mile away
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £260,000, £6,500 Min Deposit. Calculated using a representative rate of 4.59%
