Share percentage 40%, full price £360,000, £14,400 Min Deposit.
Monthly Cost: £1,596
Rent £611,
Service charge £254,
Mortgage £731*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Shared Ownership Scheme
You may be eligible for this property if:
- Your income is £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can't afford to buy one now, or you are an existing owner looking to sell.
- You are able to purchase a minimum share of 25% up to a maximum share of 75% (options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or abroad. (You will need to sell any existing property owned before buying through the shared ownership scheme.)
Summary
Explore this stunning one-bedroom Shared Ownership Resale property in the up and coming area of Poplar!
Description
Welcome to East Thames House! This contemporary one-bedroom, one-bathroom apartment on the 5th floor is ideal for couples or those venturing into shared ownership for their first home. Conveniently located in zones 2 & 3, it offers easy access to central London, the City, Canary Wharf, and Stratford.
Local Information:
The Canning Town Underground station, servicing the Jubilee line and DLR, is just a 15-minute walk away. Even closer is the East India DLR Station, reachable in less than 10 minutes on foot.
The Poplar area is rapidly developing, with various new projects nearby. Explore a range of amenities, including restaurants, cafes, gyms, and a supermarket in the adjacent apartment block.
Rent, Service charges & Ground rent:
Rent: £610.88 pm
Service Charge: £254.39 pm
Ground Rent: £250.00 pa
Key Features
Enjoy a bright and spacious open-plan kitchen and reception room with floor-to-ceiling windows flooding the space with natural light.
Step onto the large private balcony for breathtaking views of Canary Wharf.
The sizable bedroom also overlooks Canary Wharf, and the apartment, situated in a building with double security doors/intercom, provides lift access to a floor shared with only two other apartments.
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: C
Property Downloads
Key Information Document Floor PlanVirtual 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 40%, full price £360,000, £14,400 Min Deposit. Calculated using a representative rate of 4.64%
