1 bedroom apartment for sale
Guthrum Court, 1 Cavendish Square, E16 2XN
Share percentage 25%, full price £300,000, £7,500 Min Deposit.
Share percentage 25%, full price £300,000, £7,500 Min Deposit.
Monthly Cost: £1,250
Rent £710,
Service charge £159,
Mortgage £381*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £41,915. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £7,500. Total approximate savings required £11,500.
Important borough specific eligibility criteria
Newham
Priority will go to applicants who live/work in Newham
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
One-bedroom third floor apartment in the London Borough of Newham available through Shared Ownership 25% at £75,000, full value £300,000
Description
Ground Floor
- Communal entrance hall
- Lifts
Third Floor
- Kitchen/Lounge
- Bedroom
- Bathroom/WC
- Hallway
External
Balcony
GIA
50 sqm
EPC rating
B
Length of lease
174 years remaining
Key Features
- Balcony
- Gym and nursery being built within the building
- Shops, café and retail park just a short walk away
- Kitchen withhigh gloss dove grey finish
- Appliances including integrated oven, four-zone ceramic hob and hood
- Integrated dishwasher
- Washer included
- TV points to living room and bedroom
- Video entry phone system
- Concierge available for the development
Local Transport
Gallions Reach - 0.3 miles
Gallions Reach DLR in zone 3 is on your doorstep, connecting you to the heart of London. There are also plenty of other ways to get around including cycle ways and footpaths along the river - there’s no better way to start your day. You can reach all of London’s hotspots easily from Royal Albert Wharf, no matter how you like to get around. If cycling is your thing, you can pedal to Canary Wharf in just over 30 minutes - the nearby CS3 means a leisurely, traffic-free ride to work, places to eat and shop and you can start from just around the corner.
The new Elizabeth line is only a few stops away and can get you to central London in under 15 minutes.
Out & About
Foodie favourites
Within the development you will find Café Spice Namaste offering a unique and imaginative menu evoking India’s dazzling culinary traditions, with a fresh twist. You can also visit Well Bean Co Café known for producing award winning plant-based chocolate, and a comfort spot away from home for coffee and delicious pastries.
The waterside neighbourhood also benefits from a monthly market selling street food, fresh produce and arts & crafts, and a convenient Fish & chip van offering tasty lunch or dinner!
Beyond Royal Albert Wharf, fine dining and cosmopolitan cafe culture are all close to hand, from Tom's Kitchen and Iberica at Canary Wharf to Land's End Restaurant on the Sunborn Yacht. The area's diverse range of gastro-pubs and restaurants offer an eclectic menu of tastes from all corners of the globe.
High end shopping
Convenience is everything when you live at Royal Albert Wharf, with supermarkets and wide range of high street names in the nearby Gallions Reach Shopping Park. For more sophisticated spending, look no further than Westfield Stratford, while the chic stores at Canary Wharf offer your essential designer fix.
The great outdoors
From Beckton Park to Royal Victoria Gardens and the Thames Barrier Park, your new home has plenty of lush green spaces nearby. New parks and intimate open areas are planned within the neighbourhood, offering even more choice for walks, picnics or just relaxing in the open air.
Events
The Royal Docks – “ This is the Royal Docks", a unique waterfront and a growing home for business and culture in Newham, East London.” Find out what’s happening in and around the area:
You can also stay up-to-date with events at Royal Albert Wharf by visiting the ‘What’s On’ page
Particulars
Tenure: Leasehold
Lease Length: 175 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £300,000, £7,500 Min Deposit. Calculated using a representative rate of 4.64%
