Share Price £199,500 (from 70% Min. Share)

Full Value £285,000 | £19,950 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Newham

place The Griffin, 3 Wattsdown Close, E13 0NY

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One Housing Group

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1 bed flat in walking distance to Plaistow Station - 70% share price for £199,950


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


Description

70% Share Price: £199,500

Full Market Value: £285,000

Monthly Rent: £151.36

Monthly Service Charges: £172.92

This property is a naturally well lit, bright and spacious one bedroom flat with good size rooms and plenty of storage. The flat is painted white throughout with wall to wall laminated flooring with kitchen and bathroom tiled floors. Situated on the third floor, the unit is quiet.

The property is five minutes’ walk from Plaistow station with local shops within 5 minutes walk.

The property is in a quiet area within short walks to Plaistow Park and West Ham Park.

Ideal for commuters, Plaistow station is on the District line and is a short bus journey (bus stop located outside station) away from Stratford Centre/Stratford City with additional services of the Jubilee, Central, DLR and Overground services.

Short walk to excellent primary and secondary schools.


Key Features

· South Facing Balcony with view of Canary Wharf

· Bathroom fitted with white suite, shower over bath and heated towel rail

· Laminate flooring throughout with kitchen and bathroom fitted with tiles.

· Range of fully fitted kitchen units with gas hob with unit spaces for washing machine, dishwasher and fridge/freezer

· Gas Central Heating

· Double glazing

· Door entry phone system with lift access

· Close to local shops and shopping centres

· Close to transport links


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Calculate Monthly Cost

Share price
£ 199,500
Min. £199,500
Share percentage
Min. 70%
Your deposit
Min. £19,950
Monthly cost*
£1,184
Cost breakdown
£151
Rent
£173
Service charge
£860
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.