Parkview Apartments - ref GEN17

2 bedroom homes in 122 Chrisp Street, London, Tower Hamlets, E14 6ET

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £260,000 for 65% share
Full price from £400,000
Min deposit from £26,000
Monthly rent from £241
Service charge from £276
Bedrooms 2
Bathrooms 1
Wheelchair accessibility No
Pets No
Energy efficiency rating C

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

Third floor 2 bedroom home in the London borough of Tower Hamlets for £ 260,000 65% share price of £400,000 full market price, available through Shared Ownership.

 

Monthly Fees

*Monthly Mortgage: £1,315.06

Monthly Rent: £241.00

NHHO Service Charge: £ 275.81

*Council Tax: £112

Estimated Total (per month): £1,831.87 (excluding council tax)

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

Key Features

Balcony

Access to 18th floor rooftop terrace

Cycle storage on ground floor

Concierge from 1:00 p.m. to 9:00 p.m. (duties shared between cleaning and security from 3:00 p.m. onwards)

CCTV cameras in communal areas

Local area information

Within 2 miles of 7 Outstanding Primary Schools and 3 Outstanding Secondary Schools (rated by Ofsted)

Within 6 minutes' walk of Chrisp Street Market, Chrisp Street Health Centre, 2 supermarkets, and 2 pharmacies

Within 2 minutes' walk of Langdon Park

Local Transport

Langdon Park DLR Station - 30ft

Poplar DLR Station (DLR) - 0.7 miles

Canary Wharf (DLR) - 1.1 miles

Canary Wharf Underground Station (Jubilee) – 1.1 miles

Stratford (Central, Jubilee, TFL Rail, London Overground, DLR) - 2.6 miles

 

 

Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Parkview Apartments - ref GEN17

2 bedroom homes in 122 Chrisp Street, London, Tower Hamlets, E14 6ET

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £260,000 for 65% share
Full price from £400,000
Min deposit from £26,000
Monthly rent from £241
Service charge from £276
Bedrooms 2
Bathrooms 1
Wheelchair accessibility No
Pets No
Energy efficiency rating C

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