Royal Crest Avenue, Newham, London, E16 2AX
- PROPERTY TYPE
Flat
- BEDROOMS
2
- SIZE
Ask developer
Key features
- Spacious 1st floor Shared Ownership apartment located by the Thames
- Private balconies off the open-plan living area and main bedroom
- Contemporary designed kitchen with integrated Siemens appliances & washer/dryer in utility cupboard
- Access to residents' only gym, swimming pool & 16th floor Sky Lounge
- Dedicated concierge, 24hr estate security & free 3 year Zipcar membership
- Part of the Royal Wharf community with its own high street, bars, restaurants & schools
- Excellent connections via nearby DLR, Elizabeth Line & Uber Boat by Thames Clippers
- Available to purchase from a 5% deposit with Shared Ownership
- Price represents purchasing a 50% share of the apartment's full market value
- Save £5,000 on your moving fees this Spring!
Description
Open Day Event | Saturday 10th May | 10am-4pm
Join us for our open day event in the Sky Lounge at East River Wharf and experience the 16th floor residents' Sky Lounge, take in the amazing views and take a tour of the apartments. Contact us today to book your place.
Save £5,000 on your moving fees this Spring!
With stamp duty rates rising and various other fees involved in the process, moving home can be a costly business. We want to help make your money go further, which is why we're contributing £5,000 towards your new home at East River Wharf. Contact our team for more details.
About This Apartment
Plot 21-SO-01-02 is a new 2 bedroom Shared Ownership apartment located by the Thames in the beautiful Royal Wharf community in East London.
This spacious 773sqft apartment features a contemporary open-plan kitchen/dining area with fully integrated Siemens kitchen appliances and a washer/dryer in the utility cupboard. The wet room benefits from a walk in shower and modern fittings. You'll have a choice of two of your own private balconies, one accessible from the living area and the other from the main bedroom, providing the perfect place to start your day.
Situated within one of the longest stretches of open green space along the Thames in London, you'll be well placed to get around the capital with connections via the nearby DLR and Elizabeth Lines, or take an Uber Boat by Thames Clippers via the nearby pier.
All apartments at East River Wharf are available to purchase with Shared Ownership from a 25% share. The price shown reflects purchasing a 50% share of the property's full market value.
Financial Breakdown Based on a 50% Share:
- Full Market Value: £540,000
- 50% Share Value: £270,000
- 5% Deposit of Share Value (50%): £13,500
- Rent on Unowned Share (50%): £619 per month
- Service Charge: £408.69 per month
- Anticipated Household Income Required to Purchase a 25% Share: £72,113
- 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
These new 1, 2 & 3 bedroom Shared Ownership apartments provide 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' only indoor swimming pool, gym and sauna
- Residents' 16th floor Sky Lounge with views of The O2 and Canary Wharf
- Concierge service and 24hr estate security
- 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, schools, 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 (typically 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. The deposit required and 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
- For a 25% share in an East River Wharf apartment, we recommend a minimum household income of the following amounts based on a 5% deposit. We're happy to discuss your specific situation and help you understand your options.
- 1 bedroom apartments: above £50,000
- 2 bedroom apartments: above £70,000
- 3 bedroom apartments: above £75,000
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.
Shared Ownership eligibility criteria applies. Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help. **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 of the 2 bedroom show apartment at East River Wharf and are indicative only.
- 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,Step-free 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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*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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