2 bedroom apartment for sale
Cape House, Cunningham Avenue, E16 2TN
Share percentage 25%, full price £580,000, £14,500 Min Deposit.
Share percentage 25%, full price £580,000, £14,500 Min Deposit.
Monthly Cost: £1,964
Rent £835,
Service charge £397,
Mortgage £732*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Based on the estimated monthly outgoings we recommend a guidance household income of £61,927. Please use this figure for guidance only, as this can be a joint or sole household income. Purchasing a larger share or securing a larger deposit will reduce the monthly outgoings.
You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,500.Total approximate savings required £18,500.
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
Two-bedroom second floor apartment in Newham available through Shared Ownership 25% for £145,000.
Description
Ground Floor
- Communal entrance
- Passenger lift
Internal
- Hallway
- Kitchen
- Lounge
- Bedroom 1
- Bedroom 2
- Bathroom
- Ensuite
External
- Two balconies
GIA
91sqm
EPC rating
B
Length of lease
115 Years
Borough
Newham
Key Features
- Sauna, Swimming Pool and Fitness Centre On Site
- 24 Hour Concierge
- Postroom
- Starbucks and Sainsbury's on Site as well as more recently added amenities such as Royal Wharf Pharmacy, Little Hudson Cafe, Triple Two and waterside pub and restaurant - The Windjammer
- Close to Thames Barrier Park
- Easy Access to Westfield, O2 Arena, Canary Wharf and the City
- Close proximity to Thames Clipper and Emirates Cable Car
Local Transport
- Pontoon Dock Station (DLR) - 0.3mi
- West Silvertown (DLR) - 0.4mi
- Canning Town (DLR & Jubilee underground station) 1.4mi
Particulars
Tenure: Leasehold
Lease Length: 115 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 25%, full price £580,000, £14,500 Min Deposit. Calculated using a representative rate of 4.59%
