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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.
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