2 bedroom apartment for sale
Galyon Point, 9 Gallions Road, E16 2AH
Share percentage 25%, full price £430,000, £10,750 Min Deposit.
Share percentage 25%, full price £430,000, £10,750 Min Deposit
Monthly Cost: £1,638
Rent £903,
Service charge £192,
Mortgage £543*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £57,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,000. Total approximate savings required £15,000.
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
Two bedroom second floor apartment in Newham available through Shared Ownership 25% at £107,500.
Description
Accommodation
- Hallway
- Bedroom 1 with ensuite
- Bedroom 2
- Open plan living room and kitchen
- Family bathroom
- Balcony
GIA
74sqm
Lease length
245 years
Key Features
The property is situated on Galleons Road, which is located just off the A1020, Atlantis Avenue and Woolwich Manor Way. North Woolwich and City Airport lie due west while Beckon and Barking lie due north.
Particulars
Tenure: Leasehold
Lease Length: 245 years
Council Tax Band: E
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
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 25%, full price £430,000, £10,750 Min Deposit. Calculated using a representative rate of 4.59%
