1 bedroom apartment

Apartment 1603, Lock Apartments

Reserve our Home of the Month at Three Waters and receive a £2,500 Cashback*

1 bed Shared Ownership home | Available from £115,500 (30% of full value £385,000)

Required Household Income from £54,601 - £90,000 and a deposit of £11,550.
You will need to undertake a free 10-minute affordability assessment with SO Mortgages

This home is part of an exciting collection of 1, 2 & 3 bed Shared Ownership apartments in Bow creek. With access to 560 acres of green space in the surrounding area and;

• transport links to the city in 12 minutes.
• Enjoy an onsite cinema room
• 24-hour concierge

and private balconies to every apartment when you live at Three Waters.

Located where the three waters of Bow Creek, the River Lea, and Limehouse Cut meet in the heart of east London, Three Waters sits within the city’s fastest growing area, offering vibrant waterside living. With the Tube and Docklands Light Railway (DLR) close by, you’ll be in the City or Canary Wharf in as little as 12 minutes.

"Best Shared Ownership Home" and "Best Shared Ownership Development" Winner at this year's Evening Standard New Homes Awards 2022.

*Computer Generated Image is Indicative Only
 

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

• Tenure: Leasehold
• Length of lease: TBC
• Annual ground rent amount: £0
• Ground rent review period: N/A
• Annual service charge amount: £1,428.00
• Service charge review period: Annual
• Council tax band: England 

*Exchange contracts within 28 days of the legal pack being issued and complete within 10 working days of exchange to receive £2,500 cashback. The total value of the incentive is capped as a one-off sum which will be made available by way of deduction from monies due at completion of the purchase. The purchaser will be responsible for assigning these monies accordingly. The incentive is valid on selected apartments at Three Waters development and available on reservations taken on or prior to 31st January 2023. Additional T&Cs, affordability and eligibility criteria may apply. Not to be used in conjunction with any other offers. Speak to a sales advisor for more information.