2 bedroom apartment for sale
Shackleton Way, E16 2XW
Share percentage 40%, full price £500,000, £20,000 Min Deposit.
Share percentage 40%, full price £500,000, £20,000 Min Deposit.
Monthly Cost: £2,069
Rent £827,
Service charge £227,
Mortgage £1,015*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £72,766.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,000. Total approximate savings required £24,000.
All London Applicants will be considered
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
2 Bedroom, Ground floor flat in London Borough of Newham is available to buy through Shared Ownership - 40% share £200,000 - Full Market Value £500,000
Description
Internal
Ground floor
Living Room
2 Bedrooms
2 Washrooms
Kitchen
External
Allocated Parking Space
Garden
Shared Ownership Admin Fee Charge :
£13.50
GIA
92 sqm
Accessibility rating
F
EPC rating
B
Length of lease
119 years remaining
Borough
Newham
Key Features
The property comprises of a 2 bed apartment in a 7 storey purpose built development.
Accommodation is set over two floors.
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: E
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 £500,000, £20,000 Min Deposit. Calculated using a representative rate of 4.64%