1/26
£125,000
Apartment in Royal Docks, access to the DLR, Jubilee line and Crossrail.
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: £ 250,000
Share Value (50%): £ 125,000
Monthly Rent: £ 414.45
Service Charge: £ 172.16
Council Tax Band: C
125 year lease commenced 09/03/2007 - 106 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.
All rooms lead off a central hallway in this larger than average one bedroom apartment. The main reception area runs front front to back of the apartment and incorporates a white kitchen with integrated over,hob and xtractor and spaces for your white goods. There is a well proportioned bedroom complete with fitted wardrobe and a family bathroom.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
This apartment is located in a riverside neighborhood within the Royal Docks in East London. There are plenty of places with stunning views of the River Thames, Canary Wharf and the City of London. Travel links are easily accessible with plenty of travel options available, with access to the DLR, Jubilee line and Crossrail. Royal Wharf is a great location for commuters and growing families as there are plenty of outdoor areas to be explored.
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 £43,372. If you are offered the home, 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 www.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 of February 2026.
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