2 bedroom apartment for sale

Available

Pioneer Court, 50 Hammersley Road, London, E16 1RA

£210,000 Shared Ownership Resale

Share percentage 50%, full price £420,000, £21,000 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£210,000 Shared Ownership Resale

Share percentage 50%, full price £420,000

Monthly Cost: £1,868

Rent £645, Service charge £181, Mortgage £1,042*

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

This immaculately-presented apartment is on the third floor and is one of only eight in the development that benefit from a winter garden. The winter garden, which is generously-sized, is accessed from the spacious, naturally-lit kitchen. There is a reception room with attractive flooring and a glazed door which leads out onto a south-facing balcony. The main bedroom features an additional Juliette balcony and an en-suite shower room. The second bedroom is a comfortable double and the bathroom simple and modern. Well insulated walls, high performance glazing and a communal heating and hot water system make for a very good energy-efficiency rating. Pioneer Court is within walking distance of both Canning Town Station (Jubilee Line + DLR) and Custom House (Elizabeth Line + DLR).

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £420,000).

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

(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 01/05/2017).
Minimum Share: 50% (£210,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £644.63 per month (subject to annual review).
Service Charge: £181.23 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Guideline Minimum Income: Dual - £69,000 | Single - £79,600 (based on minimum share and 10% deposit).
Council Tax: Band C, 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 not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £21,000
  • Guide Min Income Dual £69k | Single £79.6k
  • Third Floor (building has a lift)
  • Approx. 688 Sqft Gross Internal Area
  • Bathroom plus En-Suite Shower Room
  • Winter Garden
  • South Facing Balcony
  • Walking Distance to Canning Town/Custom House
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Royal Victoria (0.56 miles) Custom House (0.56 miles) Canning Town (0.57 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.

£210,000
Shared Ownership Resale
Estimated Monthly Cost:£1,868
Rent £645
Service £181
Mortgage £1,042

Share percentage 50%, full price £420,000, £21,000 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.