1 bedroom flat for sale

Overview

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About This ApartmentPlot 21-SO-01-03 is a new Shared Ownership 1 bedroom apartment at East River Wharf, located on the first floor with a private balcony. Spread across 551sqft, the apartment provides a high specification with integrated Siemens kitchen appliances, a freestanding Beko washer/dryer and contemporary finishes throughout.Located a stone's throw from the Thames in Newham's Royal Wharf, the apartment is a short walk from two idyllic parks, a high street and West Silvertown DLR Station - providing easy access to Canary Wharf and across London.All apartments at East River Wharf are available to purchase with Shared Ownership from a 25% share. The price shown reflects purchasing a 25% share of the property's full market value.Financial Breakdown Based on a 25% Share:Full Market Value: £387,50025% Share Value: £96,8755% Deposit of Share Value (25%): £4,844Rent on Unowned Share (75%): £667 per monthService Charge: £270.56 per monthAnticipated Household Income Required to Purchase a 25% Share: £58,969Council Tax: TBC* These figures are a guideline and may vary according to individual incomes and circumstances. Please speak to one of our sales consultants for a detailed breakdown.About East River WharfThis new collection of 1, 2 & 3 bedroom Shared Ownership apartments provides a great opportunity to get on the property ladder in a prime London location. Each apartment benefits from an excellent range of amenities including:A residents' gym, pool & spa16th floor Sky Lounge with fantastic city viewsConcierge service24 hour estate management security servicesFree 3 year membership and £50 driving credit with Zipcar**Situated in the beautiful Royal Wharf neighbourhood, you'll be within walking distance of a Sainsbury's Local, Starbucks, tennis courts, independent shops, restaurants and a pub. You'll also have an abundance of outdoor space on your doorstep, including Lyle Park and Thames Barrier Park.What is Shared Ownership?Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.Eligibility Criteria:To be eligible for a home at East River Wharf you'll need to:Have a combined household income under £90,000 per annumNot already own a property, or part of a property, at the time of completing on your purchaseBe unable to purchase a suitable home to meet your housing needs on the open marketHave a minimum of £5,000 to cover the costs of buying a homeIf you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information. *Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with one of our sales consultants. **Zipcar membership subject to eligibility criteria and terms and conditions. Residents will only be entitled if their postcodes and address of registration match the development. Restricted to one membership per household.Interior images are computer generated and indicative only. Virtual tour is representative of the 2 bedroom show apartment at East River Wharf.