2 bedroom apartment for sale
30 Barking Road, E16 1GY
Share percentage 30%, full price £420,000, £12,600 Min Deposit.
Share percentage 30%, full price £420,000, £12,600 Min Deposit.
Monthly Cost: £1,469
Rent £633,
Service charge £200,
Mortgage £636*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £54,655. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,600. Total approximate savings required £16,600.
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
First Floor, Two bedroom apartment in London borough of Newham, available through Shared Ownership 30% share £126,000. Full Market Value £ 420,000
Description
SPECIFICATION
Ground floor: Communal Entrance and Passenger Lifts.
First Floor: Kitchen/Lounge. Two Bedrooms, (one ensuite). Bathroom with WC. Hallway.
External
Winter Garden.
GIA
The subject property is approximately 68sq. m. GIA.
Admin Fee for Shared Ownership
£13.50
Accessibility rating
F - General Access
EPC rating
?
Length of lease
88 years
Borough
Newham
Key Features
A stylish, 2 bedroom apartment on the 1st floor of our popular Rathbone Market Development, Barking Road, E16. This contemporary property with winter garden, 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;
Winter garden
Communal Gardens
Particulars
Tenure: Leasehold
Lease Length: 88 years
Council Tax Band: C
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 30%, full price £420,000, £12,600 Min Deposit. Calculated using a representative rate of 4.59%