3 bedroom apartment for sale
Cavendish Square, Royal Albert Wharf, E16 2XP
Share percentage 40%, full price £575,000, £23,000 Min Deposit.
Share percentage 40%, full price £575,000, £23,000 Min Deposit.
Monthly Cost: £2,200
Rent £853,
Service charge £186,
Mortgage £1,161*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £79,909. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £23,000. Total approximate savings required £27,000.
Important borough specific eligibility criteria
All London applicants will be considered with priority given to people who live/work in the borough.
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
A Ground Floor Maisonette, 3 Bedroom apartment available through Shared Ownership 25% Share at £230,000. Full Market Value £ 575,000
Description
Specification
- 3 bedroom Maisonette
Internal
- Hallway
- Bedroom 1
- Bedroom 2
- Bedroom 3
- Bathroom with Washroom
- Ensuite
- Lounge/Kitchen
External
- Terrace
Gross Internal Area
- Approx. 106 SQ M
Length of lease
- 175 years
Borough
- Newham
Key Features
Key Features
1 Allocated Parking Space
Close to London City Airport
Local Transport
Gallions Reach DLR – 0.3m
Commercial, retail, leisure and community spaces which creates a hubs around the Gallions Reach DLR station and the dock water front. Work space, cafés and bars line the dock where a 100-year old Edwardian ‘Pump House’ still operates while a tree-lined square acts as a focal point for the community.
Particulars
Tenure: Leasehold
Lease Length: 175 years
Council Tax Band: Not specified
Map
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 £575,000, £23,000 Min Deposit. Calculated using a representative rate of 4.59%
