£87,500
(£161/sq. ft)
1 bed flat for saleWharfside Point North, London E14
1 bed
1 bath
1 reception
544 sq. ft
EPC Rating: C
- Shared ownership
- Chain free
- Leasehold
Oliver Jaques
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About this property
Shared Ownership with a 25% share available
Fabulous Eight Floor Apartment in Canary Wharf
Accommodation extending to 543 sq ft (50.4 Sq M)
Open Plan Lounge/Dining/Kitchen Room with windows facing to a South and West Elevation
Lift Access
Blackwall DLR Station (0.1 miles) All Saints DLR station (0.3 miles) Canary Wharf Station DLR/Jubilee/Elizabeth Line (0.7 Miles)
Stunning Views over the East of London
Well Presented Accommodation
No Onward Chain
Shared ownership - 25% available Located on the eighth floor of this impressive apartment complex is this well presented one bedroom apartment. Enjoying fantastic views from both south and westerly aspects, this is a perfect first time purchase and is available with no onward chain.
The accommodation is accessed via the communal areas and includes lift access, briefly comprising of an entrance hallway, open plan reception room/kitchen, spacious double bedroom and modern fitted bathroom. Extending to 543 sq ft (50.4 Sq M) other benefits include two useful storage cupboards, windows facing to a south or westerly aspect, allowing plenty of light over the daytime and evening and beautiful views over East London and Canary Wharf.
Location is key with Poplar High Street located just below, including the convenience of a Tesco and well stocked plant shop, alongside many other local amenities. Access to London is also key! Blackwall DLR Station is 0.1 miles from the property and provides access into Bank within 15 minutes, whilst All Saint DLR station is located just 0.3 miles from the property and the line runs between Canary Wharf and Stratford, whilst a quick change of Platform in Poplar provides access to both Limehouse and Bank. Located just 0.7 miles from the property is Canary Wharf Station that includes the DLR alongside the Jubilee Line and Elizabeth line with multiple access routes to the center of London. Other amenities in the area include all the facilities within Canary Wharf including the large underground shopping centre.
Shared ownership criteria
To qualify for Shared Ownership, a buyer must:
• Have an annual household of less than £90,000
• Be first time buyers or if own a home, be in the process of selling it
• Be able to demonstrate that they have a good credit history (no bad debts or County
Court Judgements) and can afford the regular payments and costs involved in buying
a home
• Satisfy the affordability assessment carried out by our appointed Independent
Financial Advisor, using no more than 45% of their net monthly income (minus
commitments) on their housing costs.
Based on the valuation, the potential buyer will need to meet:
You will need to be earning a guidance income of£40,646 You will need access to savings of at least£4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £8,750 Total approximate savings required £12,750
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
Total costs based on a 25% share are £1022.88 per month (£662.47 Rent/£330.24 Service Charge/£13.50 Admin Charge/£16.67 Ground Rent)
This is a fantastic opportunity to purchase your first home in London, the property is EWS1 compliant and available with no onward chain, we highly recommend and internal viewing.
EPC Rating: C
Reception Room/Kitchen (4.75m x 4.27m)
Bedroom (4.90m x 2.82m)
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More information
Tenure
Leasehold (107 years)
Service charge
£330 per month
Council tax band
C
Ground rent
£200
Ground rent date of next review
Shared ownership percentage owned
25%
Shared ownership rent
£662 per month