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30 Barking Road, Canning Town, E16 1GQ

  • 2 Bedrooms
  • 30% share available
  • Call 0203 815 1234 to book your viewing.

Two bedroom second floor flat, in the London Borough of Newham, available to buy through Shared Ownership. Full market value £440,000. 30% share available, share price £132,000.

Monthly fees

Monthly Mortgage:* £633
Monthly Rent: £477.48
Other Service Charge:** £195
Notting Hill Administration Fee: £13.50
Council Tax: £93.25

Estimated Total (per month): £1,318.98 excluding council tax

*Estimate
** Service Charge payable to Management company
The monthly mortgage is based on an interest rate of 3.99 % 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.

£132,000 (30% share price of £440,000)

Key Features

Second floor
Hallway, open plan reception room/ kitchen, bedroom 1 with ensuite shower/WC, bedroom 2, bathroom/WC

External
Balcony

GIA
65 Sq.m/ 698 sq ft

Accessibility rating
E –General Access

EPC rating
B

Length of lease
93 years

Borough
Newham

Download floorplan

Eligibility 

You will need to be earning a guidance income of £45,900. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,200. Total approximate savings required £17,200.

Important borough specific eligibility criteria

Newham

Priority will go to applicants with a connection to Newham but all applicants can apply.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

Details correct as at 13/08/2018

Prices

Number of Beds 2
Full market price £440,000
Ownership 30% share available
Rent £477.48 pcm
Guidance household income £45,900
Status Available Now
Service charge £195
This development is provided by Notting Hill Sales
this development is provided by Notting Hill Sales

Notting Hill Sales is the trading name of Notting Hill Home Ownership and related companies.

Location and local area

Local Transport

London Underground

Canning Town (0.3km)