Studio apartment for sale

Available

West Ham Village, Stephenson Street, E15 3AD

£98,750 · Shared Ownership New Build

Share percentage 25%, full price £395,000, £9,875 Min Deposit.

Available
Studio
£98,750 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £395,000, £9,875 Min Deposit.

Monthly Cost: £499
Mortgage £499*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property
Summary

An incredible new collection of apartments with spacious open-plan living and Wi-Fi enabled park and gardens

Description
A new collection of Shared Ownership apartments coming soon to Newham, E16
 
West Ham Village is east London's best-kept secret launching at Berkeley's TwelveTrees Park, a highly anticipated collection of spacious Shared Ownership homes. Situated just minutes from West Ham station, serving five key train lines to all over London, connectivity is unrivalled. 
 
Why West Ham Village?
- Luxurious open-plan living
- Wi-Fi-enabled park and gardens
- Community-enriching amenities including restaurants, cafés, markets and Sainsbury's Local
- Next to five key train lines. 3-minutes to Stratford, 7-minutes to Canary Wharf via the Underground*
 
The neighbourhood offers unlimited opportunities for pursuing your interests, from joining the local rugby team to taking art classes, there's something for everyone.   
 
Please note priority is given to those who live and/or work in the London Borough of Newham, you must not own/will not own another home at the time of purchase and have a maximum household income that does not exceed £90,000.
 
 
What is Shared Ownership?   
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market. 
 
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.  
 
Register your interest or search “Peabody New Homes Shared Ownership” to find out more. 
 
Disclaimer and T's & C's:
*External images are CGIs
*Pricing indicative and subject to change
*Internal images are from the 1-bedroom show home at West Ham Village
 
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Map
West Ham (0.18 miles) Plaistow (0.65 miles) Bromley-by-Bow (0.74 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£98,750
Shared Ownership New Build
Estimated Monthly Cost:£499
Rent £0
Mortgage £499

Share percentage 25%, full price £395,000, £9,875 Min Deposit. Calculated using a representative rate of 4.59%


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Development
West Ham Village Shared Ownership
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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.