2 bedroom apartment for sale
2 Regalia Close, E16 2TW
Share percentage 25%, full price £580,000, £14,500 Min Deposit.
Share percentage 25%, full price £580,000, £14,500 Min Deposit
Monthly Cost: £2,304
Rent £1,222,
Service charge £350,
Mortgage £732*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £76,774. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14500. Total approximate savings required £18,500.
Important borough specific eligibility criteria
Newham
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 6th floor apartment in Newham available through Shared Ownership 25% share £145,000 Full Market Value £580,000.
Description
Viewings will be taking place:
Saturday 10th May- 10am-4pm
Sunday 11th May- 10am-12pm
Accommodation
Sixth Floor
Description: A purpose-built residential development. The building is of a concrete framed construction, double glazed windows, including heating and electricity. The demised premise is located on the 6th floor, comprising of an open plan living and kitchen area, 2 bedrooms, bathroom, ensuite, storage and 2 balconies.
Accommodation:
Hallway: 1.5m x 1.8m + 1.8m x 2.4m + 1.3m x 1m
Bedroom 1: 5m x 2.8m 1m x 1.6m
Bedroom 2: 1.1m x 2.9m + 3.3m x 2.9m + 1.7m x 0.6m
Ensuite: 1.5m x 2.1m
Bathroom: 2.4m x 2.1m
Lounge/Kitchen: 4.3m x 1.3m
Gross Internal Floor Area: Approx. 85 SQ M
Leasehold- 125 years from 1st January 2014
EPC
B
GIA
85 SQM
Borough
Newham
Key Features
Local Transport:
DLR Pontoon Dock - 0.3 miles
Close to Uber Boat Station
Close to Thames Park
45 mins walk / 15 mins bike ride to Canary Wharf.
The Property benefits from a concierge, post room, gym and spa facilities. Which is included in the Service Charge
Nearby shops Sainsburys Express, Launderette, hairdressers nail bar and private dentist, restaurants, cafes and a pharmacy
Particulars
Tenure: Leasehold
Lease Length: 115 years
Council Tax Band: E
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £580,000, £14,500 Min Deposit. Calculated using a representative rate of 4.59%
