2 bed flat for sale

Royal Crest Avenue, London E16

Shared ownership Two bedroom apartment available to purchase at a 25% share of £530,000 with a minimum 5% mortgage deposit of £6,625 . Call today to arrange your appointment to view.

A stunning two bedroom 1st floor apartment with private balcony, Fully completed and ready to move in. Call us now to reserve today.

East River Wharf is an exciting brand new riverside neighbourhood offering a collection of 1,2 & 3 bedroom shared ownership apartments. Located close to the river Thames, this area of London has recently undergone a significant programme of regeneration and investment. The development also boasts fantastic transport connections and is well connected to Custom House on the Elizabeth Line that provides fast-whizzing links to Canary Wharf, the City and Heathrow. Silvertown DLR station is approx. 0.2 miles and under a 5 minute walk providing easy access to Canary Wharf and London City Airport in under 15 minutes.

There are an abundance of local independent shops and cafes as well as local schools. Lyle and Thames Barrier parks are also close by. The development benefits from a location which provides both urban convenience and riverside living.
The apartments are now fully completed and comprise spectacular open plan kitchen/living room with beautifully appointed fully, fitted, contemporary kitchen with quality worktops, under cabinet LED lighting and integrated Siemens appliances. The living area is bright and spacious which opens onto your own private decked balcony area. There is a spacious double bedroom with built in wardrobes and an elegant bathroom suite comprising Vitra white bathroom suite with bath and glass shower screen, close coupled soft close WC, Vado concealed thermostatic mixer tap and rain shower head. Other benefits include a 24 hour concierge service, access to a state of the art residents gym, swimming pool and spa. There is also access to a 16th Floor sky lounge offering stunning river views. Each home comes with a 12 year NHBC build warranty.

Financial Breakdown Based on a 25% Share:
Full Market Value: £530,000
25% Share Value: £132,500
5% Deposit of Share Value (25%): £6,625
Rent on Unowned Share: £910.94 per month
Service Charge: £373 per month
Council Tax: Tbc

Please note that to purchase a 25% share of a 2 bedroom apartment at East River Wharf, we recommend a minimum household income of £70,000 based on a 5% deposit. We're happy to discuss your specific situation and help you understand your options. These figures are a guideline and may vary according to individual incomes and circumstances. Please speak to one of our sales consultants for a detailed breakdown.
About Shared Ownership:
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to get on the property ladder at in a more affordable way. With Shared Ownership you can purchase a share of a property's full market value, while paying a reduced market rent on the remaining share. Later on, you'll have the option to purchase more shares in your new home and, if you choose to, own the property outright. As the deposit and mortgage amounts are based on the share value, the costs are generally much less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Eligibility Criteria:
To be eligible for this home you'll need to: Have a combined household income under £90,000 per annum not already own a property, or part of a property, at the time of completing on your purchase be unable to purchase a suitable home to meet your housing needs on the open market have a minimum of £5,000 to cover the costs of buying a home for a 25% share in an East River Wharf apartment, we recommend a minimum household income of the following amounts based on a 5% deposit. We're happy to discuss your specific situation and help you understand your options.
1 bedroom apartments: Above £50,000
2 bedroom apartments: Above £70,000
3 bedroom apartments: Above £75,000
Shared Ownership eligibility criteria applies. Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or their web site.
** Please note that the images used are of our show apartments and are for illustrative purposes only. Apartment types and layouts vary so please contact us arrange a private viewing appointment.