Share percentage 25%, full price £305,000, £7,625 Min Deposit.
Monthly Cost: £971
Rent £400,
Service charge £184,
Mortgage £387*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
· Household income must not exceed £80,000 (outside of London) or £90,000 (in London)
· Must pass the One Housing financial assessment.
· No cash buyers
· No pets
· Applicants must be able to afford their purchase, and sustain their housing costs
· Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners
· Applicants must be unable to purchase a property suitable to meet their needs on the open market
· Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis
Summary
This is a contemporary one bedroom apartment features open plan living with a kitchen/living room, bathroom and bedroom.
Description
This is a contemporary one bedroom apartment features open plan living with a kitchen/living room, bathroom and bedroom. The living area features a modern kitchen with breakfast bar, as well as a Juliet balcony.
The bathroom is sleek and the double bedroom features ample storage and modern fitted wardrobes. The flat is on the third floor. It is just moments away from Royal Victoria DLR station, and also has excellent transport links with the Jubilee and Elizabeth lines and the IFS Cloud cable car.
The local area has a wealth of bars, restaurants, cafes in the exciting docklands area that has been redeveloped to have a variety of attractions including a water sports centre and waterfront restaurants. The flat has lift access and the building has secure bicycle storage.
Key Features
1) Modern fitted kitchen with breakfast bar
2) Floor to ceiling windows and Juliet balcony
3) Excellent location with great transport links and amenities
4) Comfortable double bedroom
5) Contemporary bathroom
6) Well-decorated and ready to move in.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: Not specified
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 £305,000, £7,625 Min Deposit. Calculated using a representative rate of 4.64%
