Shared Ownership
This superb modern home is available to buy from as little as £120,000 with a 40% share!
Set on the first floor of a modern development on sought-after Wharton Road, this well-presented one-bedroom apartment offers bright, contemporary living with the added benefit of a private balcony. Thoughtfully arranged throughout, the property combines open-plan living with practical design, making it an ideal choice for buyers.
The spacious reception area flows seamlessly into a modern fitted kitchen, creating an inviting space for both relaxing and entertaining. Large doors open directly onto the balcony, allowing for excellent natural light and an easy connection to outdoor space.
The bedroom is well proportioned and complemented by a stylish bathroom and useful hallway storage. The apartment also benefits from a clean, modern finish throughout, offering a move-in-ready home in a vibrant East London location. For added convenience, this property benefits from a secure allocated underground parking space which is available to rent.
Additional features of the apartment include a concierge service shared with the neighboring Icona Point building, and 24-hour access to the gym facility.
Ideally positioned within easy reach of excellent transport connections, local amenities, shopping facilities, and green spaces, the property is perfectly placed for convenient city living while maintaining a neighbourhood feel.
PRICING & AFFORDABILITY
Full Market Value: £300,000
40% Share Price: £120,000 (rent £708.09 pcm)
Minimum 5% Mortgage Deposit (% share): £6,000
Approximate Service Charges: £184.75 pcm*
Lease: 107 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.
