£193,750 /Sale price

About This ApartmentPlot 21-SO-01-03 is a new 1 bedroom Shared Ownership apartment located by the Thames in the beautiful Royal Wharf community in East London.Spread across 551sqft, the apartment features a private balcony from the open-plan living/dining area and a built in wardrobe to the spacious bedroom. Built to a high specification throughout, the contemporary designed kitchen includes fully integrated Siemens kitchen appliances with a freestanding washer/dryer in the utility cupboard.Situated within one of the longest stretches of open green space along the Thames in London, you'll be well placed to get around the capital with connections via the nearby DLR and Elizabeth Lines, or take an Uber Boat by Thames Clippers via the nearby pier.All apartments at East River Wharf are available to purchase with Shared Ownership from a 25% share. The price shown reflects purchasing a 50% share of the property's full market value.Financial Breakdown Based on a 50% Share:Full Market Value: £387,50050% Share Value: £193,7505% Deposit of Share Value (50%): £9,688Rent on Unowned Share (50%): £444 per monthService Charge: £301.72 per monthAnticipated Household Income Required to Purchase a 50% Share: £72,396Estimated monthly costs based on purchasing a 50% share: £1,834*Council Tax: TBC *Monthly costs based on purchasing a 50% share with a 5% deposit and a 25 year mortgage with a 5% interest rate. Includes monthly rent on unowned share (50%) and service charge.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 WharfThese new 1, 2 & 3 bedroom Shared Ownership apartments provide 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' only indoor swimming pool, gym and sauna Residents' 16th floor Sky Lounge with views of The O2 and Canary WharfConcierge service and 24hr estate securityFree 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 (typically 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. The deposit required and 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 homeFor a 25% share in an East River Wharf apartment, we recommend a minimum household income of the following amounts based on a 5% deposit. We're happy to discuss your specific situation and help you understand your options.1 bedroom apartments: above £50,0002 bedroom apartments: above £70,0003 bedroom apartments: above £75,000 If 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.Shared Ownership eligibility criteria applies. Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help. **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 digitally furnished images of this apartment and are indicative only.