2 bedroom apartment for sale

Available

68 Manilla Street, Canary Wharf, London, E14 8QW

£155,000 Shared Ownership Resale

Share percentage 25%, full price £620,000, £15,500 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£155,000 Shared Ownership Resale

Share percentage 25%, full price £620,000

Monthly Cost: £2,099

Rent £995, Service charge £335, Mortgage £769*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A great chance to buy a shared-ownership apartment just a short stroll from the centre of Canary Wharf. This attractive, high-spec property is on the twenty-seventh floor and has a twenty-two-foot, dual-aspect reception room with stylish, open-plan kitchen area. A glazed door leads out onto an east-facing balcony which offers a view that stretches to the horizon. There is a generously-sized main bedroom plus a second, comfortable, double bedroom and a sleek, fully-tiled bathroom. A pair of large storage/utility cupboards have been provided and the energy-efficiency rating is very good, thanks to well insulated walls, high performance glazing and low-profile radiators fed from a communal hot water system. The development has a lounge/work space and roof terrace at thirtieth-floor level plus extensive cycle storage in the basement. The river is just minutes away, Thames Clipper, DLR, Jubilee Line and Elizabeth Line connections within easy walking distance and an impressive range of shops, bars, restaurants and other amenities close by.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £620,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/y2bd39mf]

(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 (999 years less 3 days from 10/12/2021).
Minimum Share: 25% (£155,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £995.36 per month (subject to annual review).
Service Charge: £335.17 per month (subject to annual review).
Guideline Minimum Income: Dual - £76,400 | Single - £88,400 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Tower Hamlets. 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 not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £15,500
  • Guide Min Income Dual £76.4k | Single £88.4k
  • Twenty Seventh Floor
  • Balcony plus Communal Roof Terrace
  • Dual Aspect Reception Room
  • Communal Lounge/Work Space
  • Large Communal Cycle Store
  • Short Walk to Jubilee/Elizabeth Line + DLR
  • Shops, Bar and Restaurants Within Easy Reach
  • Very Long Lease
Particulars

Tenure: Leasehold
Council Tax Band: E

Property Downloads
Key Information Document Floor Plan Brochure
Heron Quays (0.19 miles) South Quay (0.23 miles) Canary Wharf (0.26 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£155,000
Shared Ownership Resale
Estimated Monthly Cost:£2,099
Rent £995
Service £335
Mortgage £769

Share percentage 25%, full price £620,000, £15,500 Min Deposit. Calculated using a representative rate of 4.42%

Disclaimer
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.