2 bedroom apartment for sale
16 Cavendish Square, Beckton, E16 2XP
Share percentage 25%, full price £395,000, £9,875 Min Deposit.
Share percentage 25%, full price £395,000, £9,875 Min Deposit.
Monthly Cost: £1,316
Rent £436,
Service charge £379,
Mortgage £501*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £39,253. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £9,875. Total approximate savings required £13,875.
Important borough specific eligibility criteria
Newham
All London applicants will be considered with priority given to people who live/work in the borough.
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
Two-bedroom fourth floor apartment in Newham available through Shared Ownership 25% for £98,750.
Description
Internal
Second Floor Level:-
- Hallway
- Bedroom 1 with ensuite
- Bedroom 2
- Bathroom
- Open plan lounge / kitchen
External
- Balcony.
- 12hr concierge service available on the development from 7am-7pm.
GIA
77sqm
EPC rating
B
Years Remaining
174 Length of lease
Key Features
Transport
- Gallions Reach (0.29 miles)
- Cyprus (0.60 miles)
- King George V (0.74 miles)
Local Area
Commercial, retail, leisure and community spaces which creates a hubs around the Gallions Reach DLR station and the dock water front. Work space, cafés and bars line the dock where a 100-year old Edwardian ‘Pump House’ still operates while a tree-lined square acts as a focal point for the community.
Particulars
Tenure: Leasehold
Lease Length: 174 years
Council Tax Band: E
Property Downloads
Floor Plan Energy CertificateMap
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 £395,000, £9,875 Min Deposit. Calculated using a representative rate of 4.64%
