Share Price £159,250 (from 35% Min. Share)

Full Value £455,000 | £15,925 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Tower Hamlets

place Kelday Heights, 2 Spencer Way, E1 2PW

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One Housing Group (resales)

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2 Bed Property


Eligibility

Eligibility Criteria

Household income must not exceed £80,000 (outside of London) or £90,000 (in London)
Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)
No cash buyers
No pets
Applicants must be able to afford their purchase, and sustain their housing costs
Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners
Applicants must be unable to purchase a property suitable to meet their needs on the open market
Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


Description

A fantastic two bedroom apartment on the 10th floor of this modern development located next to Shadwell Station offering excellent links into Canary Wharf and the City. The apartment boasts a corner position of the building offering dual aspect from the living room offering amazing Canary Wharf and City skyline views. Other benefits include south facing rooms and south west facing balcony that secures you will get all of the winter sun.


Key Features

  • 10th Floor corner apartment
  • South West facing balcony
  • Amazing views
  • Shadwell DLR and Overground stations 1 min walk
  • Modern development
  • Open plan living area

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Calculate Monthly Cost

Share price
£ 159,250
Min. £159,250
Share percentage
Min. 35%
Your deposit
Min. £15,925
Monthly cost*
£1,730
Cost breakdown
£865
Rent
£179
Service charge
£686
Mortgage*
Calculated using a representative rate of 3.09%
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One Housing Group (resales)

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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.