Shared Ownership
This superb modern home is available to buy from as little as £67,500 with a 25% share!
A fantastic opportunity to acquire this spacious ground floor apartment, ideally located in the heart of E16 and being offered for sale with no onward chain. The property features a generous open plan kitchen, dining and reception room measuring over 24ft in length, a substantial double bedroom and a modern bathroom.
Seagull Lane enjoys an excellent location within the Royal Docks, offering a fantastic balance of waterside living and city convenience. Residents are within easy reach of local cafés, supermarkets and everyday amenities, while the nearby Royal Wharf and Royal Victoria areas provide an excellent selection of restaurants, bars and leisure facilities. The Thames Path and Royal Docks offer beautiful waterside walks, with the nearby Elizabeth Line and vibrant Canary Wharf ensuring this is an increasingly sought-after East London location.
The property is exceptionally well connected, with Pontoon Dock DLR Station just a short walk away, providing quick links to Canary Wharf, Stratford and Bank. The Elizabeth Line at Custom House offers fast services into the City, West End and Heathrow Airport, while London City Airport is also conveniently close by. For motorists, the A13, A406 and Blackwall Tunnel provide straightforward access across London and beyond.
PRICING & AFFORDABILITY
Full Market Value: £270,000
25% Share Price: £67,500 (rent £464.06pcm)
Minimum 5% Mortgage Deposit (25% share): £3,375
Approximate Service Charges: £244.37pcm*
Lease: 999 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
