2 bedroom apartment for sale
10 Carrack Mews, Beckton, E16 2EN
Share percentage 25%, full price £455,000, £11,375 Min Deposit.
Share percentage 25%, full price £455,000, £11,375 Min Deposit.
Monthly Cost: £1,682
Rent £782,
Service charge £326,
Mortgage £574*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £58,962. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx £11,375. Total approximate savings required £15,375.
Important borough specific eligibility criteria
Newham
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 2 bed Apartment on Carrack Mews available through Share Ownership for £113,750 for a 25% share of £455000.
Description
Large second floor apartment of a 4-storey building with communal gardens, car park on 1st floor and lifts.
The property is situated on Carrack mews off Atlantic Avenue/Gallions Road and off Gallions Roudabout. A1020 lies due west connecting Excel Centre. London airport lies due west. Good transport facilities are close by including Gallions Reach and Beckton Park.
Modern double glazed window units to front and side elevations. Neutral carpet and laminate flooring throughout.
Key Features
Floor area
81sqm (internal area)
Accommodation
2 Balconys
2 bathrooms
Open plan kitchen/sitting room with access to balcony 1
Master Bedroom with ensuite shower and access to balcony 2
Bedroom 2
Family bathroom
13.50 Admin fee
Particulars
Tenure: Leasehold
Lease Length: 236 years
Council Tax Band: E
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 £455,000, £11,375 Min Deposit. Calculated using a representative rate of 4.59%
