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2 bedroom apartment for sale

Available

21 Gillender Street, Bow Creek, E3 3TH

£112,500 · Shared Ownership New Build

Share percentage 25%, full price £450,000, £11,250 Min Deposit.

Available
2 bedrooms
£112,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £450,000, £11,250 Min Deposit.

Monthly Cost: £1,584
Rent £746, Service charge £223, Mortgage £615*

Calculated using a representative rate of 5.39%

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property
Summary

Bow Creek (E3) | Two bed Shared Ownership apartments in East London

Description
Reserve by 31 January 2024 and we’ll contribute up to £6,875 toward your mortgage payments.* Reserve at Three Waters with deposits from £11,250 ready to move into this winter.

An exciting collection of 2 & 3-bedroom Shared Ownership apartments in Bow creek. With access to 560 acres of green space in the surrounding area and transport links to the city in 12 minutes. Enjoy an onsite cinema room, 24-hour concierge, and private balconies to every apartment when you live at Three Waters.

Located where the three waters of Bow Creek, the River Lea, and Limehouse Cut meet in the heart of east London, Three Waters sits within the city’s fastest growing area, offering vibrant waterside living. With the Tube and Docklands Light Railway (DLR) close by, you’ll be in the City or Canary Wharf in as little as 12 minutes.

*The £6,875 contribution amount is based on 1004 Lock Apartment - a 3 bed-apartment available for £137,500 (25% share of £550,000). Exchange contracts within 28 days of the legal pack being issued and legally complete contracts by 30 March 2024 to receive this incentive. Incentive amount is based on the value of the selected plot. The total value of the incentive is capped as a one-off sum which will be made available by way of deduction from monies due at completion of your purchase. Additional T&Cs, affordability and eligibility criteria may apply. Not to be used in conjunction with any other offers. Incentive cannot be exchanged for cash. Peabody reserves the right to withdraw or extend this offer at any time. Please speak to a member of our sales team for more information.

Buy with Shared Ownership

Three Waters is available to purchase with Shared Ownership. Buyers can 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.
 
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Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Map
Bromley-by-Bow (0.23 miles) Langdon Park (0.30 miles) Devons Road (0.36 miles)
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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.

£112,500
Shared Ownership New Build
Estimated Monthly Cost:£1,584
Rent £746
Service Charge £223
Mortgage £615

Share percentage 25%, full price £450,000, £11,250 Min Deposit. Calculated using a representative rate of 5.39%

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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.