Share Price £122,500 (from 35% Min. Share)

Full Value £350,000 | £12,250 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

2 bedroom apartment in Newham

place Mercury House, 23 Hollybush Street, E13 9ED

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First floor flat with 2 bedroom in the London borough of Newham, available through Shared Ownership.


Eligibility

You will need to be earning a guidance income of £46,508. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,250. Total approximate savings required £16,250.

Important borough specific eligibility criteria

Borough of Newham

All London applicants will be considered. However, those living and working in the Newham will be given priority

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.


Description

Firstfloor

2bedroom, lounge/kitchen, bathroom.

External

Garden

GIA

70sqm

Accessibility rating

F

EPC rating

A

Length of lease

121 years

Borough

Newham


Key Features

The property benefits from a garden

Local Transport

Underground

Plaistow – 0.7miles

Upton Park – 0.9 miles


Download Documents

Link to the floor plan

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 122,500
Min. £122,500
Share percentage
Min. 35%
Your deposit
Min. £12,250
Monthly cost*
£1,101
Cost breakdown
£468
Rent
£105
Service charge
£528
Mortgage*
Calculated using a representative rate of 3.09%
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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.