2 bedroom apartment for sale
Barking Road, E16 1GQ
Share percentage 25%, full price £420,000, £10,500 Min Deposit.
Share percentage 25%, full price £420,000, £10,500 Min Deposit
Monthly Cost: £1,571
Rent £691,
Service charge £350,
Mortgage £530*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £49,235. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £10,500. Total approximate savings required £14,500.
Important borough specific eligibility criteria
Newham
Priority will be given to applicants who live or work in Newham but all can apply.
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
Second Floor, 2 bedroom apartment in London borough of Newham, available through Shared Ownership 25% share £105,000. Full Market Value £ 420,000
Description
SPECIFICATION
Ground floor
Accessed via a secure communal door, which leads into the internal communal parts and lift/stairs
Second Floor :
Hallway
Bedroom 1
Bedroom 2
Bathroom
Ensuite
Lounge/Kitchen
External
Winter Garden
Private balcony
GIA
70 SQM
Admin Fee for Shared Ownership
£13.50
Accessibility rating
F - General Access
EPC rating
B
Length of lease
86 years
Borough
Newham
Key Features
A stylish, 2 bedroom apartment on the 2nd floor of our popular Rathbone Market Development, Barking Road, E16. This contemporary property with private balcony, is well connected: benefitting not only from the fantastic array of local amenities but also its close proximity to Canning Town underground station (zone 2/3, Jubilee and DLR lines); just 0.3 miles away. Only 4 minutes by tube to Canary wharf and 6 minutes to Stratford, this property is perfect for those seeking fast and direct access to the city and the extensive selection of shops, bars and restaurants it offers.
Particulars
Tenure: Leasehold
Lease Length: 86 years
Council Tax Band: Not specified
Map
Material Information
Total rooms: 2
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
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 £420,000, £10,500 Min Deposit. Calculated using a representative rate of 4.59%
