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£182,000
Two bedroom apartment on the Ocean Estate Development.
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value: £520,000
Share Value (35%): £182,000
Monthly Rent: £995.02
Service Charge: £404.28
Annual Ground Rent N/A
Council Tax Band: D
125 year lease commenced March 2019 - 118 years remaining
EWS1 Certification is available for this property - A2 Rating
*** If you would like to arrange a viewing for this property please click to register your interest. If you have an eligible Shared Ownership application with L&Q, you will be sent the sellers contact information to arrange a viewing ***
This apartment consists of an open-plan kitchen and living area, flooded with natural light from floor-to-ceiling windows, opening onto a private balcony. The kitchen is fitted with oak effect wall and base units, with stylish under-cupboard lighting, and a white gloss work surface and benefits from integrated appliances including a fridge freezer, double oven, hob, and extractor fan. There are 2 double bedrooms, the first bedroom has built in storage and an en-suite and the contemporary bathroom comes complete with a white three-piece suite with a shower over the bath. The apartment also has a walk in storage/utility cupboard.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Located by Whitehorse Open Space, Mile End Park, Stepney Green and Limehouse Basin are all within close proximity offering an escape from urban pace. Limehouse station is just minutes away providing regular access into the City, Canary Wharf and beyond via the DLR and C2C.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £82,067. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of February 2026.
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