1/10
£357,500
ELIGIBILITY
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 £650,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £357,500 with a 55% share!
This superb 14th floor apartment located in the heart of the amenities of Royal Victoria Docks/Custom House for easy walking distances to the DLR and the Elizabeth Line. This beautifully presented property provides modern, open plan living with a tastefully decorated kitchen/dining/living space and doors to a private sunny aspect balcony for alfresco drinks and dining. There are three double bedrooms. The master suite benefits from an ensuite shower room and there is a door to a further balcony. The family bathroom is beautifully fitted with contemporary furniture and floor to ceiling tiles.
This building is serviced by a concierge and residents benefit from access to the stunning podium gardens. For a small additional monthly charge, there are additional leisure facilities available on site - swimming pool, sauna/steam room, jogging track, cinema room, various workspaces, private meeting room.
PRICING & AFFORDABILITY
Full Market Value: £650,000
55% Share Price: £357,500 (rent £501.24pcm)
Minimum 5% Mortgage Deposit (% share): £17,875
Approximate Service Charges: £325.16pcm*
Lease: 124 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