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2 bed flat for sale

£105,000 Shared ownership

Royal Albert Wharf, The Royal Docks, London E16

2 1

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Interested in this property? Call +44 20 8022 0158 * or

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Property features

  • Terrace

Property description

2 bedroom shared ownership apartments

Royal Albert Wharf

Situated close to Gallions Reach DLR, within 20 minutes of Canary Wharf, these outstanding Shared Ownership apartments benefit from a superb waterside location.

In a prime position, where the river Thames meets the Royal Docks, Royal Albert Wharf brings exciting new architecture into an historic setting, creating a vibrant new destination for work, rest and play.

The first phase of Royal Albert Wharf is bordered by water on three sides - with the Royal Albert Basin to the west, the River Thames to the east and a former shipping lock to the south. Work space, cafés and bars will line the dock where a 100-year old Edwardian 'Pump House' still operates while a tree-lined square will act as a focal point for the community.

Receive a £2000​ legal contribution when you complete your purchase within 8 weeks*

*Terms and conditions apply. This offer is only available to buyers who viewed on or after 25 February 2017 and is not applicable to buyers already in the process of buying or who have already completed on their home. Please note that you will be required to pay your initial legal fees, as our incentive is payable once completion has taken place. All buyers must complete the sale of their property within an eight week timeframe from the date of reservation.

Eligibility
Shared Ownership is for first-time buyers, tenants and other priority groups who want to become home owners. Priority groups include: First-time buyers, existing council or housing association tenants and local authority priority.

We usually give priority to people who live or work in the borough where the property is located. However, anyone who meets the basic conditions may be able to buy a new home. We consider all applications on merit. If you feel you have a good case, it is well worth applying.

*Please note that all one bed apartments are reserved

Share value: 25% - £105,000
Full price: £420,000
Guidance income required: £51,633

Specification
Kitchen, dining & living rooms

Kitchens by Manhattan featuring soft-closing wall and base units in 'Gloss Cappucino', square edged laminate worktops with upstand and stainless steel splashback to hob. Zanussi appliances including integrated oven, ceramic hob, chimney hood, fridge freezer and dishwasher. Zanussi washer dryer located in the hall cupboard or integrated into kitchen. LED under-pelmet lighting to units. Recycling bins included. Stainless steel single bowl sink with Grohe mixer tap in chrome.

Bedrooms

80% wool mix carpet to bedrooms in 'Pearl’. Built in wardrobe with white doors and brushed satin ironmongery to bedroom one. LED downlighters to bedrooms.

Bathrooms

Ceramic wall tiling in 'Calx Grigio Gloss’. Slip resistant ceramic floor tiles in 'Calx Bianco’. Ideal Standard sanitary ware with Grohe mixer taps. Ideal Standard bath with Grohe thermostatically controlled mixer taps, shower over bath and clear glass bath screen. Vanity unit with storage and full width mirror above. Ladder style heated towel rail in chrome finish. Chrome shaver socket adjacent to sink en suites.

En Suites

Ceramic wall tiling in 'Calx Grigio Gloss’. Slip resistant ceramic floor tiles in 'Calx Bianco’. Ideal Standard sanitary ware with Grohe mixer tap in chrome. Thermostatically controlled Grohe mixer tap and shower head. Vanity unit with full width mirror above. Ladder style heated towel rail in chrome finish. Chrome shaver socket adjacent to sink.

General

Solid core flush faced front and internal doors painted in white with satin chrome finish ironmongery. Walls finished in white vinyl matt emulsion with white satin painted architraves and skirting boards. Laminate flooring in 'Broadwalk Oak' to the entrance hall, kitchen, living room and storage cupboards. Double glazed windows featuring external 'Dusty Grey' aluminium framing and an internal white finish. Radiators to bedrooms and living areas. Built to Sustainable Homes Code Level 4.

Electrical

Data points for telephony and wireless broadband hub. Telephone point in master bedroom. Freeview and satellite socket in living room and master bedroom. Brushed stainless steel light switches and electrical sockets to kitchen and in white plastic to other rooms. Recessed LED energy efficient downlighters throughout. Mains operated smoke and heat detector with battery back up.

Balconies and Terraces

Private outside space to all apartments. Balconies and terraces are all paved or decked. External lighting.
Market activity
Average price paid £374,423 Sales 283 Current average value £386,806 (Zoopla Zed-Index) Value change -£1,116 ▼ -0.29%

Property value data/graphs for E16

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £397,796 £375 3.1 £373,500
Semi-detached £366,503 £443 2.9 £444,928
Terraced £358,916 £435 2.9 £396,756
Flats £401,042 £574 1.9 £366,558

Current asking prices in E16

Average: £519,823
Avg. current asking prices in E16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £429,650
(3)
£456,961
(14)
£520,909
(22)
£780,108
(18)
£450,000
(1)
Flats £410,187
(322)
£544,974
(367)
£705,727
(146)
£770,200
(5)
-
All £410,367
(325)
£541,740
(381)
£681,524
(168)
£777,954
(23)
£450,000
(1)

Current asking rents in E16

Average: £1,630 pcm
Avg. current asking prices in E16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £834 pcm
(9)
£1,584 pcm
(21)
£1,818 pcm
(39)
£2,293 pcm
(32)
£2,249 pcm
(2)
Flats £1,325 pcm
(230)
£1,658 pcm
(338)
£2,120 pcm
(85)
£2,399 pcm
(6)
£2,134 pcm
(6)
All £1,306 pcm
(239)
£1,654 pcm
(359)
£2,025 pcm
(124)
£2,310 pcm
(38)
£2,163 pcm
(8)

Fun facts for E16

Highest value in E16
Highest value streets Zed-Index
Hanover Avenue £594,360
Rayleigh Road £578,873
Hartlepool Court £561,838
Constable Avenue £550,770
Wards Wharf Approach £547,632
Highest turnover in E16
Highest turnover streets Turnover
Fairfax Mews 40.7%
Pankhurst Avenue 38.9%
Lowestoft Mews 38.3%
Glencairne Close 35.7%
Grimsby Grove 34.4%

What Zoopla users think of E16

Overall rating:

  • currently 3.5 stars
Good - 71% (330 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate E16:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Gallions Reach (0.3 miles)
  • Cyprus (0.6 miles)
  • King George V (0.7 miles)
  • London City Airport (0.9 miles)
  • London Heathrow Airport (23.2 miles)
  • London Southend Airport (27.0 miles)
  • Woolwich Arsenal Pier (0.8 miles)
  • Woolwich Ferry North Pier (0.9 miles)
  • Woolwich Ferry South Pier (1.0 mile)

Nearby schools

View all schools in Newham
  • Gallions Primary School (0.6 miles)
  • Winsor Primary School (0.7 miles)
  • Heronsgate Primary School (0.9 miles)
  • Shooters Hill Sixth Form College (2.4 miles)
  • East London Arts & Music (3.8 miles)
  • London Academy of Excellence (4.0 miles)
  • Oasis Academy Silvertown (0.4 miles)
  • Kingsford Community School (1.1 miles)
  • Saint Mary Magdalene Church of England All Through School (1.2 miles)
Note: Distances are straight line measurements

Local info for Newham

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For more information about this property, please contact
Notting Hill Sales - Royal Albert Wharf Shared Ownership, E16 on +44 20 8022 0158 * (local rate)

Monthly running costs Beta

£494 Monthly total

Mortgage

Purchase price
Deposit (10%) 10,500
Repayment term 25
Interest rate 1.5
Your payment £377 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £34/mo (£411/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £23 Electricity £34 Estimated energy cost £57/mo

Similar properties could save up to £241

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7600 kWh/year
Electricity: 2700 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £13 Sewerage £13 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Notting Hill Sales - Royal Albert Wharf Shared Ownership about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Notting Hill Sales - Royal Albert Wharf Shared Ownership, and do not constitute property particulars. Please contact Notting Hill Sales - Royal Albert Wharf Shared Ownership for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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