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£67,500
Located on the 5th floor of Chaseway Lodge, this one bedroom apartment offers modern living in a bright and well designed space.
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.
Please note that this property has a B1 rated EWS1 certificate indicating 'The fire risk is sufficiently low that no
remedial works are required'.
Located on the 5th floor of Chaseway Lodge, this one bedroom apartment offers modern living in a bright and well designed space. The home features a generous open plan kitchen and reception room with direct access to a private balcony, creating an inviting area for relaxing or entertaining. The double bedroom is well proportioned, while the contemporary bathroom and a practical hallway layout add to the apartment’s overall comfort and functionality.
Located in the thriving Royal Docks area, the property benefits from a growing selection of shops, cafés, and everyday amenities, as well as nearby green spaces and waterfront walks. The neighbourhood continues to undergo exciting development, offering residents a blend of community feel and modern urban convenience. For larger retail options and entertainment, both Canary Wharf and Stratford are within easy reach.
Excellent transport links make this an ideal base for commuters and city explorers alike. Pontoon Dock and West Silvertown DLR stations provide quick access to Canning Town, Bank, and the wider Docklands area, while the nearby Elizabeth Line at Custom House offers fast connections across London, including to the West End and Heathrow. London City Airport is also just moments away, making this a superbly connected home in one of East London’s most dynamic districts.
PRICING & AFFORDABILITY
Full Market Value: £270,000
25% Share Price: £67,500 (rent £464.06pcm)
Minimum 5% Mortgage Deposit (25% share): £3,375
Approximate Service Charges: £248.11pcm*
Lease: 990 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