New Century House

Studio homes in Jude Street, Canning Town, Newham, E16 1FG

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

This must see stunning spacious two-bedroom apartment is situated on the 3rd floor of an 8 storey building.  The apartment is located at the end of the block so has the added benefit of double aspect windows which allows more light in.

The property is available at £225,500 for a 55% share, based on a full market value of £410,000. The rent per month is £423.43 and the service charge per month is £41.35.

To book a viewing please contact our sales team.

  

Local area information

 

New Century House is conveniently situated only a short walk from Canning Town station, providing quick journeys to Canary Wharf via the Jubilee line in just 8 minutes or to Stratford in 10 minutes by the DLR or Jubilee lines. It’s also just a stone’s throw away from Keir Hardie Recreation Ground with its football pitches, greens spaces and skate park. It’s also just a short walk from Emirates Royal Docks, with its cable cars providing amazing views across the Thames.  It is also within walking distance of Custom House station, which will be serviced by Crossrail.

  

Illustration by: James Halsall

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New Century House

Studio homes in Jude Street, Canning Town, Newham, E16 1FG

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes