SHARED OWNERSHIP
Heron Place
Share Price (25%) £98,750
Full Value Price £395,000
SHARED OWNERSHIP
Heron Place
Share Price (25%) £98,750
Full Value Price £395,000
- Nearest stations: Pontoon Dock (0.1 miles), London City Airport (0.8 miles)
- Bus routes: 330, 241
- Private balcony
- Secure bike storage
- Short walk to local transport links
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.
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.
- 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
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