Royal Crest Avenue, Newham, London, E16 2AX
- PROPERTY TYPE
Flat
- BEDROOMS
1
- SIZE
Ask developer
Key features
- Price representative of 75% share value
- First floor apartment with private balcony
- Integrated Siemens appliances and Beko washer/dryer
- High specification with contemporary finishes throughout
- Access to private residents gym, pool & spa
- Access to 16th floor Sky Lounge with city views
- Concierge service and 24hr estate security
- Located a stone's throw from the River Thames
- 5-minute walk to West Silvertown DLR Station
- Free 3 year membership and £50 driving credit with Zipcar
Description
About This Apartment
Plot 21-SO-01-03 is a new Shared Ownership 1 bedroom apartment at East River Wharf, located on the first floor with a private east-facing balcony. Spread across 551sqft, the apartment provides a high specification with integrated Siemens kitchen appliances, a freestanding Beko washer/dryer and contemporary finishes throughout.
Located a stone's throw from the Thames in Newham's Royal Wharf, the apartment is a short walk from two idyllic parks, a high street and West Silvertown DLR Station - providing easy access to Canary Wharf and across London.
All apartments at East River Wharf are available to purchase with Shared Ownership from a 25% share. The price shown reflects purchasing a 75% share of the property's full market value.
Financial Breakdown Based on a 75% Share:
- Full Market Value: £387,500
- 75% Share Value: £290,625
- 5% Deposit of Share Value: (75%) £14,531
- Rent on Unowned Share (25%): £222 per month
- Service Charge: £270.56 per month
- Anticipated Household Income Required to Purchase a 25% Share: £58,969
- Council Tax: TBC*
These figures are a guideline and may vary according to individual incomes and circumstances. Please speak to one of our sales consultants for a detailed breakdown.
About East River Wharf
This new collection of 1, 2 & 3 bedroom Shared Ownership apartments provides a great opportunity to get on the property ladder in a prime London location. Each apartment benefits from an excellent range of amenities including:
- A residents' gym, pool & spa
- 16th floor Sky Lounge with fantastic city views
- Concierge service
- 24 hour estate management security services
- Free 3 year membership and £50 driving credit with Zipcar**
Situated in the beautiful Royal Wharf neighbourhood, you'll be within walking distance of a Sainsbury's Local, Starbucks, tennis courts, independent shops, restaurants and a pub. You'll also have an abundance of outdoor space on your doorstep, including Lyle Park and Thames Barrier Park.
What is Shared Ownership?
Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Eligibility Criteria:
To be eligible for a home at East River Wharf you'll need to:
- Have a combined household income under £90,000 per annum
- Not already own a property, or part of a property, at the time of completing on your purchase
- Be unable to purchase a suitable home to meet your housing needs on the open market
- Have a minimum of £5,000 to cover the costs of buying a home
If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with one of our sales consultants. **Zipcar membership subject to eligibility criteria and terms and conditions. Residents will only be entitled if their postcodes and address of registration match the development. Restricted to one membership per household.
Interior images are computer generated and indicative only. Virtual tour is representative of the 2 bedroom show apartment at East River Wharf.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask developer
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask developer
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask developer
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Lift access
East River Wharf- 1, 2 & 3 Bedroom Apartments
- Sky Lounge access
- Gym, pool and health club access
- Concierge service & 24-hour Estate Security
Royal Crest Avenue, Newham, London, E16 2AX
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About the development
East River Wharf
Royal Crest Avenue, Newham, London, E16 2AX
About Legal and General Affordable Homes
We provide affordable housing options across the UK. Our aim is to better people’s lives and ensure that everyone has access to a safe and secure space to call their own.
At Legal & General Affordable Homes our mission is to become the leading private affordable housing provider in the UK and to make a positive difference to the affordable housing sector.
We are a leading direct investor, developer, and operator in residential property. We have one of the largest and most diverse residential platforms in the UK and have successfully scaled up multiple operating businesses across a range of tenures, building houses to sell and rent, providing lively retirement communities and finding new ways to deliver affordable housing.
We take a socially orientated investment approach, with a commitment to delivering the housing that our society needs to address structural shortages across every dimension of the market. As a result, we have delivered 15,000 homes in the last three years. As a sustainable and responsible investor, we have made a commitment to enable all our new homes to operate at net zero carbon emissions from 2030.
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Visit our security centre to find out moreDisclaimer - Property reference 1_jarman_plot_21_so_01_03_75. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Legal and General Affordable Homes. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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