The Forge

2 - 3 bedroom homes in Redclyffe Road, Newham, Newham, E6 1DZ

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £76,250 for 25% share
Full price from £305,000
Min deposit from £7,625
Monthly rent from £692
Service charge from £186
Bedrooms 2-3
Bathrooms 2 - 3

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

Shared Ownership in Upton Park at The Forge
1, 2 & 3 bedroom apartments available from £76,250

The Solo apartment design (Plots B09, B15, B21, B26) provides a generous entrance hallway leading to an open plan living room/kitchen, ensuite to master bedroom and outdoor space. These apartment layouts maximise space and provide a comfortable place to call home so are not to be missed.

Offering a stepping stone to home ownership in Newham, a collection of 2 and 3 bedroom apartments are also available at The Forge, E6. These homes have been designed with spacious open plan living / dining spaces with a desirable specification running throughout.

·         Ready to move in now

·         Balcony or terrace to all homes

·         Spacious open plan living / dining

·         Communal residents garden

·         Reach London Liverpool Street or Canary Wharf in under 20 minutes

·         Parking included on selected homes

 

Local area information

Located in Zone 3, The Forge is a 4 minute walk to Upton Park station, offering great connections to central London with services running to London Liverpool Street and Canary Wharf in under 20 minutes. Living here provides a convenient location for working professionals and families alike.

 

Status Plot No. Floor Beds Min share price Eligibility
Available B02 Ground 1 £76,250 View details
Available B17 Second 2 £97,500 View details
Available B11 First 2 £101,625 View details
Available B18 Second 2 £101,250 View details
Available B24 Third 2 £101,875 View details
Available B29 Fourth 2 £102,500 View details
Available B09 First 2 £104,375 View details
Available B15 Second 2 £105,000 View details
Available B21 Third 2 £105,625 View details
Available B26 Fourth 2 £106,250 View details
Available B08 First 3 £113,750 View details
Available B12 Second 3 £114,375 View details
Reserved B13 Second 1 £75,000 View details
Reserved B10 First 2 £96,875 View details
Reserved B16 Second 2 £97,500 View details
Reserved B22 Third 2 £98,125 View details
Reserved B23 Third 2 £98,125 View details
Reserved B03 Ground 3 £113,125 View details
Reserved B06 First 3 £113,750 View details
Reserved B14 Second 3 £114,375 View details
Reserved FH03 0-3 4 £153,750 View details
View More

FAQ's

Min share price from: £76,250 for a 25% share
Full price from: £305,000
Minimum deposit from: £7,625
Monthly rent from: £524
Bedrooms: 1
Bathrooms: 1

There are 12 available ranging from £76,250 for a 25% share to £114,375 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
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.

The Forge

2 - 3 bedroom homes in Redclyffe Road, Newham, Newham, E6 1DZ

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £76,250 for 25% share
Full price from £305,000
Min deposit from £7,625
Monthly rent from £692
Service charge from £186
Bedrooms 2-3
Bathrooms 2 - 3

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