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£96,000
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £320,000 and a purchaser would not need to meet the eligibility criteria listed above.
Located in the vibrant heart of Bow, this bright and well-presented one-bedroom first-floor flat offers a perfect blend of comfort and convenience.
The property features a spacious open-plan living, kitchen, and dining area, ideal for relaxing or entertaining, with plenty of natural light throughout. The modern kitchen is well-equipped with integrated appliances and ample storage.
The bedroom is generously sized, providing a peaceful retreat, and the contemporary bathroom is finished to a high standard. A private balcony extends your living space, perfect for enjoying your morning coffee or unwinding in the evening.
Residents will benefit from a wealth of local amenities nearby, including a variety of independent cafés, restaurants, and shops just a short walk away. For outdoor leisure, Victoria Park and Mile End Park are within easy reach, offering beautiful green spaces and recreational facilities. Excellent transport links are available via Bow Road and Bow Church Underground stations, providing quick access into central London and beyond.
PRICING & AFFORDABILITY
Full Market Value: £320,000
30% Share Price: £96,000 (rent £390pcm)
Minimum 5% Mortgage Deposit (30% share): £4,800
Approximate Service Charges: £328pcm*
Lease:116 Years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership