Alder House, 9 Seagull Lane, E16 1DQ
Summary
This superb modern home is available to buy from as little as £330,000 with a 55% share!
Eligibility
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.
** This home can also be purchased outright (100% of the value) which is £600,000 and a purchaser would not need to meet the eligibility criteria listed above.
Description
Shared Ownership
This superb modern home is available to buy from as little as £330,000 with a 55% share!
This superb 14th floor apartment located in the heart of the amenities of Royal Victoria Docks/Custom House for easy walking distances to the DLR and the Elizabeth Line. This beautifully presented property provides modern, open plan living with a tastefully decorated kitchen/dining/living space and doors to a private sunny aspect balcony for alfresco drinks and dining. There are three double bedrooms. The master suite benefits from an ensuite shower room and there is a door to a further balcony. The family bathroom is beautifully fitted with contemporary furniture and floor to ceiling tiles.
This building is serviced by a concierge and residents benefit from access to the stunning podium gardens. For a small additional monthly charge, there are additional leisure facilities available on site - swimming pool, sauna/steam room, jogging track, cinema room, various workspaces, private meeting room.
PRICING & AFFORDABILITY
Full Market Value: £600,000
55% Share Price: £330,000 (rent £501.24pcm)
Minimum 5% Mortgage Deposit (55% share): £16,500
Approximate Service Charges: £325.16pcm*
Lease: 124 years
Local area information
- Royal Victoria DLR Station (0.2km)
- Custom House (0.3km)
- IFS Cloud Royal Docks (0.3km)
- Custom House (for ExCel) DLR Station (0.4km)
- West Silvertown DLR Station (0.7km)
- Prince Regent DLR Station (0.9km)
- Pontoon Dock DLR Station (1.0km)
- Canning Town Underground Station (1.1km)
- Canning Town DLR Station (1.1km)
- IFS Cloud Greenwich Peninsula (1.4km)
- North Greenwich Underground Station (1.5km)
- East India DLR Station (1.7km)
- Royal Albert DLR Station (1.7km)
- Star Lane DLR Station (1.8km)
- London City Airport DLR Station (2.0km)
- Blackwall DLR Station (2.0km)
- Beckton Park DLR Station (2.3km)
- West Ham DLR Station (2.4km)
- West Ham Underground Station (2.4km)
- All Saints DLR Station (2.4km)
Disclaimer
Monthly cost calculator
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable.