Shared Ownership in Greater London, London 2 bedroom Apartment

  • £410,000

    Equity share: 75% / £307,500

RIVERSIDE HOUSING - 3 Limeharbour
For Sale Shared Ownership

Shared Ownership in Greater London, London 2 bedroom Apartment

RIVERSIDE HOUSING - 3 Limeharbour
  • £410,000

    Equity share: 75% / £307,500

Property Overview

  • Apartment
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms

Property Description

We are pleased to bring to the market this 2 bedroom Apartment Shared Ownership. It is situated in Greater London, London and is available now

This superb modern home is available to buy for £307,500 with a 75% share!

This purpose built apartment is situated in a prime location and is being offered to the market with no onward chain and available for immediate occupancy. The accommodation includes an open plan 26ft lounge/kitchen/diner, two bedrooms (master with en suite) and bathroom.

Located in a prime position, this development is close to an abundance of amenities, including shops, café’s restaurants, supermarkets, and Canary Wharf’s 5 famous Malls. It is also located just a 2 minute walk from Crossharbour DLR, and a 10 minute walk from Canary Wharf which offers quick access to the City and Central London on the Elizabeth and Jubilee line.

PRICING & AFFORDABILITY

Approximate Size: 721 sq ft

Full Market Value: £410,000

75% Share Price: £307,500 (rent £234.90pcm)
Minimum 5% Mortgage Deposit (% share): £15,375
Approximate Service Charges: £300 pcm*
Shared Ownership Lease: approx. 108 years
Council Tax Band: E

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change.

** This home can also be purchased outright (100% of the value) at any point after completion of the advertised 75% share. Please speak to a member of our sales team for more information.

Property Address

Open on Google Maps
  • Address RIVERSIDE HOUSING - 3 Limeharbour
  • City Greater London
  • County London
  • Postal Code E14 9LS

Details

Updated on April 4, 2024 at 10:36 am
  • Property ID: MS-123920
  • Rental Amount Per Month: £234/Month
  • Bedrooms: 2
  • Bathrooms: 2
  • Property Type: Apartment
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 300
  • Value Of The Equity Share: 75% / £307,500
  • Overall Property Value: £410,000
  • Tenure: Leasehold
  • Council Tax Band: E
  • Length of Lease: 108

Contact SOWN about: Shared Ownership in Greater London, London 2 bedroom Apartment

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