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£117,500
This modern home is available to buy from as little as £117,500 with a 25% share!
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 £470,000 and a purchaser would not need to meet the eligibility criteria listed above.
This beautifully presented two bedroom apartment on the fourteenth floor offers bright, well-proportioned living space with far reaching views and an inviting private balcony. The generous reception room spans the width of the property, providing an ideal setting for both relaxing and entertaining, while large windows draw in excellent natural light. The separate kitchen is smartly arranged with practical work surfaces and ample storage. Both bedrooms are comfortable doubles. A well-appointed bathroom and a welcoming entrance hall complete the accommodation.
Located in East Ferry Road, the apartment sits within the vibrant and ever evolving Isle of Dogs. Residents benefit from close proximity to an array of local amenities including cafés, independent grocers, riverside pubs and convenient retail options. Canary Wharf’s extensive shopping malls, restaurants and leisure facilities are also within easy reach, providing everything from high end dining to everyday essentials. The area is known for its landscaped parks and riverside walks, creating a pleasant balance of urban living and peaceful outdoor space.
Travel connections are excellent, with Crossharbour DLR station a short walk away, providing swift access to Canary Wharf, the City and further connections via the Elizabeth line. Numerous bus routes serve the area, offering additional travel flexibility. For those who commute by car, major routes such as the A13 and A102 are easily accessible, while cyclists can enjoy well connected cycling paths around the Docklands and along the Thames.
PRICING & AFFORDABILITY
Full Market Value: £470,000
25% Share Price: £117,500 (rent £641.95pcm)
Minimum 5% Mortgage Deposit (25% share): £5,875
Approximate Service Charges: £416.82pcm*
Lease: 110 years remaining
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