1 bedroom apartment for sale
Newport House - L.0310, Halewood Way, RM13 8RQ
Share percentage 25%, full price £260,000, £3,250 Min Deposit.
Share percentage 25%, full price £260,000, £3,250 Min Deposit.
Monthly Cost: £994
Rent £464,
Service charge £160,
Mortgage £370*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
LAST REMAINING 1-BED. Just 5% deposit required. Integrated appliances & flooring included plus private balcony. Close to new development amenities including Beam Park health centre.
Description
Put a spring in your step and a foot on the property ladder.
Reserve your new Shared Ownership home between 1 - 30 April with only a £99* reservation fee and receive up to £3,000 towards your buying costs on selected one and two bedroom homes * when you quote 'London Home Show'* to our sales team.
Prices from £62,500** for a 25% share.
Make your move with L&Q
Newport House - Plot L.0310
Last remaining 1 bedroom apartment on this phase. Offering 51 sq.m of internal floor area with private outdoor space.
Contact a member of our sales team now to view our show home and this apartment.
£65,000 for a 25% share of £260,000. Deposit as low as £3,250. Minimum income of £35,902
- Full Market Value: £260,000
- Shared Value (25%): £65,000
- Minimum deposit (5%): £3,250
- Required income: £35,902
- Rent PCM: £464
- Council tax band: TBC
Please note parking is not available with this apartment
A transformational new neighbourhood and vibrant new community for East London. L&Q at Beam Park is an address for the future, offering Shared Ownership homes in Rainham and Dagenham, providing residents with modern amenities and community facilities on their doorstep including primary school, nursery, health centre and multi-faith community centre. Open green spaces and recreational areas will feature throughout the development, plus enjoy being within walking distance of Beam Valley Country Park.
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
*Offer is subject to an affordability assessment. Incentive terms and conditions apply. For full terms and conditions, visit lqhomes.com/terms-and-conditions/. L&Q Shared Ownership terms and conditions apply. Please visit lqhomes.com/shared-ownership for more info. **Prices correct at time of print. £62,500 for a 25% share at L&Q at Beam Park. Full market value of £250,000. Images for illustrative purposes only. April 2024.
Key Features
- READY TO MOVE INTO
- Receive home furnishings voucher & £1,700 towards buying costs* T&C's apply
- Reservation fee of just £99 in April* T&C's apply
- Just 5% deposit require
- Integrated appliances
- Private balcony
- Good connections by rail, road and bus to London and Essex
- New development amenities including Sainsbury's Local & health centre opening this spring
- Short walk to Beam Valley Country Park
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
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 25%, full price £260,000, £3,250 Min Deposit. Calculated using a representative rate of 5.26%
