Royal Crest Avenue, Newham, London, E16 2AX

Get a beautiful new home of your own by the Thames in Royal Wharf

This new 1 bedroom Shared Ownership apartment at East River Wharf provides an excellent opportunity to get on the property ladder in an idyllic new riverside community at an affordable price. It's available to buy with a minimum deposit from just £4,844 and £96,875 for a 25% share of the full market value. Plus, enjoy an exclusive £5,000 deposit contribution towards your new home*.

Located within one of the longest stretches of open green space along the Thames, you'll have access to a state of the art residents-only gym, swimming pool, spa, concierge service and 16th floor Sky Lounge at no extra cost. 

The apartment is ready to move into and features a private balcony from the open-plan living/dining area and a built in wardrobe to the spacious bedroom. Built to a high specification throughout, the contemporary designed kitchen includes fully integrated Siemens kitchen appliances and an induction hob with a freestanding washer/dryer in the utility cupboard.

Just a short walk from your new home you'll find Lyle Park and Thames Barrier Park, which are connected by a beautiful riverside walkway, and a range of shops, restaurants and bars. You'll also be well placed to get around London with excellent connections via the nearby DLR and Elizabeth Lines, or take an Uber Boat by Thames Clippers via the nearby pier.

Contact us today to book a viewing.

Financial breakdown based on purchasing a 25% share

• Full market value: £387,500
• 25% share value: £96,875
• 5% deposit of share value (25%): £4,844
• Rent on unowned share (75%): £666 per month
• Service charge: £302 per month
• Council Tax: TBC
• Estimated monthly costs: £1,512 per month*

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 Shared Ownership

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to get on the property ladder at in a more affordable way.

With Shared Ownership you can purchase a share of a property's full market value, while paying a reduced market rent on the remaining share. Later on, you'll have the option to purchase more shares in your new home and, if you choose to, own the property outright.

As the deposit and mortgage amounts are based on the share value, the costs are generally much less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility Criteria

To be eligible for this home 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

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 digitally furnished images of this apartment and are indicative only. Deposit contribution T&Cs apply - see landgah.com/terms-conditions for full details. *Monthly cost based on purchasing a 25% share of this apartment with a 5% deposit and a 25 year mortgage with a 5% interest rate. Includes rent on remaining 75% share and service charge.