1 bedroom apartment for sale
Heritage Tower, 118 East Ferry Road, E14 3NW
Share percentage 35%, full price £550,000, £19,250 Min Deposit.
Share percentage 35%, full price £550,000, £19,250 Min Deposit.
Monthly Cost: £2,304
Rent £974,
Service charge £353,
Mortgage £977*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £79,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,250
Total approximate savings required £23,250
Important borough specific eligibility criteria
Tower Hamlets
Priority will be given to Tower Hamlets applicants.
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
Sixth Floor One bedroom apartment in the London Borough of Tower Hamlets
Description
Ground Floor
Two lifts
Video Intercom
Sixth Floor
Modern living room and kitchen
Double bedroom
Bathroom
External
Communal garden
Gym
Foyer
GIA
67 sqm
Length of lease
120 Years remaining
Borough
Tower Hamlets
Key Features
Video Intercom
Two lifts
Communal garden
Gym
Foyer
The property is located in an established residential area with local amenities nearby.
Conveniently located next to Crossharbour DLR station which provides access to Canary Wharf station and Canary Wharf Shopping Centre in 4 minutes. Canary Wharf Station links include the Jubilee Line and Crossrail (Elizabeth Line) service for high speed connection around London.
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 35%, full price £550,000, £19,250 Min Deposit. Calculated using a representative rate of 4.64%
