1 bedroom flat

Property description

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £320,000). A well-presented, second-floor apartment featuring a dual-aspect (east and south facing) reception room with sleek, open-plan kitchen and double doors which lead out onto a balcony. There is a large window in the bedroom and the bathroom has attractive, limestone style tiles. This recently constructed development has been built to exacting energy-efficiency standards with well insulated walls, high performance glazing and a communal heating/hot water system. The Jubilee Line, from nearby Canning Town Station, allows easy access to Stratford, Canary Wharf, London Bridge and Waterloo. Alternatively, Custom House Station provides Elizabeth Line and DLR services. The apartment comes with use of a secure parking space and the block also has a cycle storage area.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM[]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.

Tenure: Leasehold (125 years from 2018).

Minimum Share: 25% (£80,000). The housing association will expect that you will purchase the largest share affordable.

Shared Ownership Rent: £720.45 per month (subject to annual review).

Service Charge: £142.67 per month (subject to annual review).

Ground Rent: £250.00 for the year.

Guideline Minimum Income: Dual £40,400 Single £46,700 (based on minimum share and 10% deposit).

Council Tax: Band B, London Borough of Newham. Priority is given to applicants living and/or working in this local authority.This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets are allowed but you need to inform clarion.

WHAT IS SHARED OWNERSHIP ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.