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£124,000
One bedroom, first floor apartment with private balcony and allocated parking
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full market value - £310,000
You pay (40%) - £124,000
Monthly rent - £374.38
Monthly service charge - £232.32
Annual ground rent - £100
Council Tax Band: B
125 year lease commenced April 2011 - 112 years remaining
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
Enter this dual aspect home via a spacious hallway with storage. To your right find an open plan iving area, which opens onto a generous balcony with room to lounge or dine. Your modern kitchen incorporates integrated appliances. The double bedroom, which also opens onto the balcony, benefits from built in storage and sliding door wardrobes. A four piece family bathroom with large walk in shower in addition to the bathtub, completes the accommodation.
Excellently located between East ham and Upton Park with easy access to A13. East ham station is just a 10 minute walk away and Central Park is just 15 minutes away. East London has a lot to offer within the boarders whilst still being well connected to central London.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £47,210. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our website lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at February 2026.
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