SHARED OWNERSHIP

Heron Place

SHARED OWNERSHIP

Heron Place

Register interest
Property Reference Number: 1639124
 
This beautiful open-plan 2-bedroom apartment comes with a private balcony, integrated appliances and secure bike storage.   
 
The property is walking distance to nearby Royal Wharf and the Excel exhibition centre which hosts an eclectic mixture of cafes, restaurant and shops. 
 
Residents can take scenic stroll along the Thames Path, offering stunning river views. Explore the dynamic cultural scene at the nearby Royal Docks, home to historic landmarks and contemporary art installations.
  • Nearest stations: Pontoon Dock (0.1 miles), London City Airport (0.8 miles)
  • Bus routes: 330, 241
Key Features:
  • Private balcony
  • Secure bike storage
  • Short walk to local transport links
What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.
 
What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 
 
Financial information
  • Tenure: Leasehold
  • Remaining lease term: 111
  • Annual ground rent amount: £0.00
  • Ground rent review period: N/A
  • Annual service charge amount: £2,451.84
  • Service charge review period: Annually
  • Council tax band: D
*Financial information correct as of 23.02.24
 

Floorplan

floorplan

Financials*

Full Value

£395,000

Share Price

£98,750

Share Value

25%

Monthly Cost

£1,286

Monthly Mortgage

£461

Monthly Rent

£621

Monthly Service Charge

£204

Minimum Household Income

£44,750

Maximum Household Income

£90,000

Deposit Required

£9,875

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.

Location

Heron Place, 4 Bramwell Way, London, Newham, E16 2FL Open in Google Maps

map

Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Downloads

EPC

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

Before submitting your details, please read the terms and conditions, and read how we will use your personal information as described in the privacy policy.