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£130,000
Private Balcony, Long Term 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.
*** 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 ***
Shared Ownership
Full Market Value: £520,000
Share Value (25%): £130,000
Monthly Rent: £830.85
Service Charge: £449.35
Annual Ground Rent: £100.00
Council Tax Band: D
250 year lease commenced November 2020 - 244 years remaining
EWS1 Certification is available for this property - B1 Rating
L&Q welcomes you to view this two bedroom, third floor apartment.
This bright and spacious two bedroom apartment consists of a stylish open-plan living area, flooded with natural light from wide floor-length windows. The kitchen is fitted with grey wall and base units and a white worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from en-suite with shower. Bright and airy second double bedroom with floor-length windows. The bathroom comes complete with a white three-piece suite with a shower over bath and a grey tile surround. Two additional storage cupboards in hallway.
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. Morrisons, Sainsburys and Lidl are close by for your weekly shop.
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 £69,192. 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 June 2026.
- Canning Town Underground Station (0.2km)
- Canning Town DLR Station (0.3km)
- Royal Victoria DLR Station (0.6km)
- IFS Cloud Royal Docks (0.7km)
- East India DLR Station (0.9km)
- Star Lane DLR Station (1.1km)
- Custom House (1.1km)
- Custom House (for ExCel) DLR Station (1.2km)
- Blackwall DLR Station (1.3km)
- West Silvertown DLR Station (1.3km)