1 bedroom apartment for sale
Heritage Tower, 118 East Ferry Road, E14 3NW
Share percentage 35%, full price £410,000, £14,350 Min Deposit.
Share percentage 35%, full price £410,000, £14,350 Min Deposit.
Monthly Cost: £1,808
Rent £821,
Service charge £263,
Mortgage £724*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £60,723. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,350. Total approximate savings required £18,350.
Important borough specific eligibility criteria
Tower Hamlets
Priority will be given to Tower Hamlets applicants but all other applicants from outside the borough will be considered.
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
Upper Ground Floor, One bedroom apartment in the London Borough of Tower Hamlets. 35% share at £143,500. Full market Price £410,000 available through Shared Ownership.
Description
Ground Floor
Two lifts
Video Intercom
Upper Ground Floor
Entrance hall
Open Plan reception room with kitchen
Closet
Bathroom
Double bedroom
External
Balcony
Communal garden
Gym
Foyer
GIA
50 sqm
Length of lease
120 Years remaining
Borough
Tower Hamlets
Key Features
The property benefits from a full width balcony which can be accessed from the reception room and bedroom.
The property is located on a busy road in a mixed residential and commercial area. Conveniently located near Canary Wharf Shopping Centre and Canary Wharf Station, which links include the Jubilee Line and Crossrail (Elizabeth Line) service for high speed connection around London.
The nearest DLR station is Crossharbour & London Arena, which is approximately 0.16km away in a straight line. The
next nearest station is South Quay DLR station, which is approximately 0.48km away in a straight line.
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: Not specified
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: No
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 35%, full price £410,000, £14,350 Min Deposit. Calculated using a representative rate of 4.59%
