2 bedroom apartment for sale
30 Barking Road, E16 1GQ
Share percentage 30%, full price £420,000, £12,600 Min Deposit.
Share percentage 30%, full price £420,000, £12,600 Min Deposit.
Monthly Cost: £1,551
Rent £665,
Service charge £250,
Mortgage £636*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £62,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,800. Total approximate savings required £20,400.
Important borough specific eligibility criteria
Newham
Priority will be given to applicants who live or work in Newham but all can apply.
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 2nd Floor Apartment in Newham
Description
Ground Floor
Accessed via a secure communal door, which leads into the internal communal parts and lift/stairs
Second Floor
Hallway
Bedroom 1
Bedroom 2
Bathroom
Ensuite Bathroom
Open Plan Lounge/Kitchen
External
Balcony
GIA
72sqm
Length of lease
87 years
Borough
Newham
Key Features
Local Transport
Canning Town (0.17 miles)
Royal Victoria (0.61 miles)
East India (0.73 miles)
Particulars
Tenure: Not specified
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 30%, full price £420,000, £12,600 Min Deposit. Calculated using a representative rate of 4.59%
