1 bedroom apartment for sale
Barking Road, E16 1GY
Share percentage 40%, full price £310,000, £12,400 Min Deposit.
Share percentage 40%, full price £310,000, £12,400 Min Deposit.
Monthly Cost: £1,418
Rent £548,
Service charge £244,
Mortgage £626*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £46,703. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,400. Total approximate savings required £16,400.
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
Second Floor, One bedroom apartment in London borough of Newham, available through Shared Ownership 40% share £124,000. Full Market Value £ 310,000
Description
SPECIFICATION
Ground floor
Accessed via a secure communal door, which leads into the internal communal parts and lift/stairs
Second Floor :
Hallway
Bedroom 1
Bathroom
Lounge/Kitchen
External
Balcony
GIA
51 SQM
Admin Fee for Shared Ownership
£13.50
Accessibility rating
F - General Access
EPC rating
B
Length of lease
90 years
Borough
Newham
Key Features
A stylish, 2 bedroom apartment on the 3rd floor of our popular Rathbone Market Development, Barking Road, E16. This contemporary property with private balcony, is well connected: benefitting not only from the fantastic array of local amenities but also its close proximity to Canning Town underground station (zone 2/3, Jubilee and DLR lines); just 0.3 miles away. Only 4 minutes by tube to Canary wharf and 6 minutes to Stratford, this property is perfect for those seeking fast and direct access to the city and the extensive selection of shops, bars and restaurants it offers.
The property benefits from the following;
Balcony
Communal Gardens
Large storage/utility cupboard in kitchen
Particulars
Tenure: Leasehold
Lease Length: 90 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £310,000, £12,400 Min Deposit. Calculated using a representative rate of 4.59%
