2 bedroom apartment for sale
Cape House, Cunningham Avenue, E16 2TN
Share percentage 40%, full price £550,000, £22,000 Min Deposit.
Share percentage 40%, full price £550,000, £22,000 Min Deposit.
Monthly Cost: £2,172
Rent £667,
Service charge £394,
Mortgage £1,111*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Based on the estimated monthly outgoings we recommend a guidance household income of £78,340. Please use this figure for guidance only, as this can be a joint or sole household income. Purchasing a larger share or securing a larger deposit will reduce the monthly outgoings.
You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,000. Total approximate savings required £26,000.
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.
Summary
Second Floor two-bedroom home in the London borough of Newham for £220,000 (40%) share price of £550,000 (full market price), available through Shared Ownership.
Description
Ground Floor
Communal Entrance and Passenger Lift
Second Floor
2 Bedrooms, 1 Bathroom, 1 Ensuite, 1 Reception room and 1 Kitchen
External
Parking, Communal Garden and Swimming Pool, Bicycle and bin storage
GIA
75 sqm
EPC rating
B
Length of lease
119
Borough
Newham
Key Features
- 2 Balconies
- Ensuite
- Parking space
- Sauna, Swimming Pool and Fitness Centre On Site
- 24 Hour Concierge
- Postroom
- Starbucks and Sainsbury's on Site as well as more recently added amenities such as Royal Wharf Pharmacy, Little Hudson Cafe, Triple Two and waterside pub and restaurant - The Windjammer
- Close to Thames Barrier Park
- Easy Access to Westfield, O2 Arena, Canary Wharf and the City
- Close proximity to Thames Clipper and Emirates Cable Car
Local Transport
- Pontoon Dock Station (DLR) - 0.3mi
- West Silvertown (DLR) - 0.4mi
- Canning Town (DLR & Jubilee underground station) 1.4mi
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £550,000, £22,000 Min Deposit. Calculated using a representative rate of 4.59%
