1/32
£98,750
Spacious Apartment, Private Balcony, Long Lease.
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: £395,000
Share Value (25%): £98,750
Monthly Rent: £513.71
Service Charge: £368.80
Annual Ground Rent: N/A
Council Tax Band: C
250 year lease commenced November 2020 - 244 years remaining
EWS1 Certification is available for this property - B1 rating
Enter this well presented and spacious one bedroom apartment via a hallway, with good storage, which leads past a modern kitchen fitted with high gloss units and includes fully integrated appliances, into the reception area, which in turn opens onto an east facing private balcony. Opposite the kitchen is an ideal nook for a home office. The generous double bedroom features a dressing area with fitted wardrobe and also has a window overlooking the balcony. A contemporary bathroom completes the accommodation.
Effra Gardens are less than a 5 minute walk to Canning Town station for the Jubilee line, DLR and buses for a fast and convenient commute to Canary Wharf, The City and across the capital. Plus just a short walk from Custom House for the Elizabeth line. Enjoy an abundance of shops, cafés, restaurants, leisure activities and entertainment all within easy reach, from Westfield Stratford, the O2, Canary Wharf and the Royal Docks. Residents have a Sainsburys Local located on the ground floor and further amenities are located moments away.
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 £49,702. If you are offered the property, 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 http://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 at February 2026.
*The £500 Amazon voucher is currently being offered on this 1 bedroom resale apartment and is applicable to any Shared Ownership purchase that reserves by 30th June 2026. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1 bedroom resales Shared Ownership apartment. Please quote reference: RESALE1BEDSPRING26 when redeeming this offer.
