2 bedroom apartment for sale
11 Royal Quay Road, Beckton,, E16 2BJ
Share percentage 25%, full price £495,000, £12,375 Min Deposit.
Share percentage 25%, full price £495,000, £12,375 Min Deposit
Monthly Cost: £1,724
Rent £799,
Service charge £300,
Mortgage £625*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £55,970. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx £15,597. Total approximate savings required £19,597.
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
2 bed 3rd floor home available through shared ownership- 25% Share for £123,750- Full value- £495,000.
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 3
rd floor, comprising of an open plan living and kitchen area, 2
bedrooms one with ensuite bathroom, family bathroom, storage and balcony.
Key Features
Accommodation:
Hallway: 3.7m x 1.1m + 1.m x 1.5m
Bedroom 1: 3m x 4m + 1.7m x 1.3m with Ensuite Bathroom
Bedroom 2: 4.3m x 3m
Bathroom: 2m x 2.2m
Lounge/Kitchen: 2.5m x 2.4m + 3.5m x 6.8m
Balcony: 2.1m x 3.5m
Gross Internal Floor Area: 72 SQ M cross checked with EPC data
Tenure: Leasehold
Parking: One Demised parking bay
EPC Rating: 86 B
Particulars
Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: E
Map
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 - Private Balcony
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 £495,000, £12,375 Min Deposit. Calculated using a representative rate of 4.59%
