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Abbotts Wharf

Shared ownership

Abbotts Wharf, Stainsby Rd, London, E14 6JL

For sale
Shared ownership
Photo of Abbotts Wharf
Live from space album cover

from

£190,000

with min. deposit

£19,000

50% Share from
£190,000
Full market price
£380,000
Minimum deposit
£19,000
Monthly rent
£441
Monthly service charge
£297.54
Reservation free
£500

1 bedroom flat

SHARED OWNERSHIP

Full market value - £380,000

You pay (50%) - £190,000

Monthly rent - £ 441.59

Service charge - £ 297.54

Ground Rent - £0

125 year lease commenced September 2005 - 108 years remaining

EWS1 Certification is available for this property

Abbott's Wharf is just half a mile from Westferry Road DLR Station which offers good links to the City and Canary Wharf and less than a mile from Mile End station, giving access to the District, Central and Hammersmith & City lines. The development has many nearby amenities including Crisp Street market.

There is a nearby green park with children's play area, coffee shop and community space (less than 2 …

Features

Balcony

Central heating

Bedrooms1
Bathrooms1
Reception rooms1
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years108
EER Current79
EER Potential79
EIR Current83
EIR Potential83

from

£190,000

with min. deposit

£19,000

50% Share from
£190,000
Full market price
£380,000
Minimum deposit
£19,000
Monthly rent
£441
Monthly service charge
£297.54
Reservation free
£500
L&Q

L&Q

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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