SHARED OWNERSHIP

Millharbour - Tower Hamlets

SHARED OWNERSHIP

Millharbour - Tower Hamlets

Register interest

Once you have registered your interest, you will receive an email to book your viewing.

Millharbour is a two-bedroom property, located on the top floor of a seven-storey block serviced by two lifts, built around 2010. The lease remaining on the property is 111 years.

There are good transport links with South Quay station 0.2 miles away, served by DLR linking to Bank 14 minutes. As well as Canary Wharf station located 0.5 miles away serving Jubilee line linking to London Bridge in 6 minutes.

Local amenities are located next to the development along Millharbour. For leisure and enjoyment, Tiller Leisure Centre is 0.2 miles away as well as nearby Canary Wharf is 10 minutes’ walk away with various restaurants, bars, cafes and shop.

  • Nearest Station: South Quay (Zone 2) – DLR
  • Nearest Tube Station: Canary Wharf (Zone 2) – Jubilee Line
  • Bus routes nearby: Bus routes D8 from Admirals Way.

The property located on the seventh floor comprises:

  • Entrance: Hallway with boiler cupboard with plenty of storage space and entry phone system.
  • Living Room: Spacious lounge area and open plan kitchen with patio door to balcony. Carpeted flooring.
  • Kitchen: Light wood base and wall units with dark grey worktop and tiled back splash. Integrated appliances. Wooden laminate flooring.
  • Bedroom one: Double bedroom with Juliet balcony. Woolmix carpet flooring.
  • Bedroom two: Double bedroom with Juliet balcony. Woolmix carpet flooring.
  • Bathroom: White suite comprising panelled bath with shower head, WC and hand washbasin with large mirror over. Linoleum flooring.
  • Outside: Private balcony and secured cycle storage.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the 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 after checking here, please contact peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, 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 high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Remaining Lease Term: 111 Years
  • Annual ground rent amount: £250
  • Ground rent review period: N/A
  • Annual service charge amount: £2,300.28
  • Service charge review period: 1st April annually
  • Council tax band: Band D

Floorplan

floorplan

Financials*

Full Value

£510,000

Share Price

£127,500

Share Value

25%

Monthly Cost

£1,365

Monthly Mortgage

£548

Monthly Rent

£626

Monthly Service Charge

£192

Minimum Household Income

£48,500

Maximum Household Income

£90,000

Deposit Required

£12,750

*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 sales team for more details.

Location

31 Millharbour, London, Tower Hamlets, E14 9DT Open in Google Maps

map

Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

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.