Shared ownership at Fireman's Reach, Newham, E6 6EN

Fireman's Reach

Nelson Street, East Ham, E6 6EN

For salenew home
Shared ownership
Live from space album cover

from

£310,000

1 bedroom

from

£420,000

2 bedroom

Register interest

from £124,000

with min. deposit £6,200

£77,500

1 bedroom Flat

£78,750

1 bedroom Flat

£105,000

2 bedroom Flat

£107,500

2 bedroom Flat

Availability

For sale

For sale

For sale

For sale

Minimum share

25%

25%

25%

25%

Full market price

£310,000

£315,000

£420,000

£430,000

Deposit from

£3,875

£3,938

£5,250

£5,375

Monthly service charge

£91.5

£91.5

£91.5

£91.5

Bedrooms

1

1

2

2

Bathrooms

1

1

2

1

Reception rooms

1

1

1

1

Furniture status

unfurnished

unfurnished

unfurnished

unfurnished

Number of floors

1

1

1

1

Entrance floor

1st floor

2nd floor

3rd floor

Ground floor

Tenure

leasehold

leasehold

leasehold

leasehold

Overview

NOW LAUNCHED OFF PLAN – RESERVE YOUR NEW HOME AT FIREMANS REACH TODAY   That’s the very special opportunity Populo Living have created at Firemans Reach, a modern collection of  2-bedroom apartments being offered through the Shared Ownership Scheme.   Prices start from £400,000 for a 2 bedroom apartment    Just a short walk from East Ham Underground Station, these exceptional homes offer you the chance to make your home in one of London’s most vibrant areas – while being within easy reach of the City.   WHAT TO DO NEXT?   To reserve your new home, check your affordability by cal...

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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