Studio apartment for sale
Hampton Tower, Marshall Wall, E14 9WS
Share percentage 25%, full price £485,000, £12,125 Min Deposit.
Share percentage 25%, full price £485,000, £12,125 Min Deposit.
Monthly Cost: £1,896
Rent £875,
Service charge £406,
Mortgage £615*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 25% minimum share you will need a minimum joint household income of £70712 and available savings of £12,125 for a 10% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this well-presented 1 bedroom 7th Floor Apartment 703 Hampton Tower, Marsh Wall,
Description
Indulge in the epitome of luxury living. Elevate your lifestyle at South Quay Plaza,
where exceptional is just the beginning. SQP residents receive exclusive access to The Quay Club, where you can enjoy an unrivalled range of hotel-style modern amenities.
With city life and tranquil greenery in one remarkable location, SQP is nestled within 2.6 acres of serene, green landscaping, whilst overlooking
Canary Wharf. Within a five minute walk you can access Central London and beyond
via DLR, Jubilee Line and the Elizabeth Line.
Residents facilities including swimming pool, gym, & spa
Private screening, dining, games, & karaoke room
Bamboo Sanctuary located on the 18th floor complete with terrace hot tubs
Modern co-working business space located on the 37th floor
56th floor bar and terrace boasting stunning views across London
Accommodation:
Hallway: 1.8m x 2.3m
Bedroom 1: 2.8m x 3.7m
Lounge/Kitchen: 3.1m x 6.8m
Bathroom: 2.6m x 2.2m
Due to the anticipated high demand for this property, viewing Asap is strongly advised.
£400.00 Ground rent
payable per annum –
two payments of £200
in March and
September
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail Sales.Services2@southernhousing.org.uk for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing asap - now on a first come first serve basis.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
Local Information:
NEAREST STATIONS
South Quay Station
0.1 miles
Canary Wharf Station
0.2 miles
Heron Quays Station
0.2 miles
NEAREST SCHOOLS
River House Montessori School
Independent School
Ofsted: Inadequate
0.2 miles
Panaga School
Type: N/A
Rating: N/A
0.3 miles
Sakhalin International School
Type: N/A
Rating: N/A
0.3 miles
Pdo Oman School
Type: N/A
Rating: N/A
0.3 miles
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
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 25%, full price £485,000, £12,125 Min Deposit. Calculated using a representative rate of 4.64%
