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12 Rathbone Market Barking Road Canning Town, E16 1GY

  • 2 Bedrooms
  • 55% share available
  • Call 0203 815 1234 to book your appointment.

Second floor, two double bedroom home in the London borough of Newham for £220,000 (55% share) of £400,000 full market price, available through Shared Ownership.

Monthly Fees 
Monthly Mortgage*: £1,112.74
Monthly Rent: £382.62
NHHO Service Charge**: £158.64
Notting Hill Administration Fee: £13.50
Council Tax: £93.25

Estimated Total (per month): £1,667.50 excluding council tax

* Estimate - The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

**Service Charge payable to Trinity Management Ltd

 

£220,000 (55% share price of £400,000)

Key Features

  • Balcony

Ground floor
Accessed via a secure communal door, hich lease into the internal communal parts and lift/stairs

Second floor
Hallway, Open plan reception room / kitchen, bedroom 1&2, bathroom and wc

External
Balcony

GIA
62 sq. m as per RICS valuation

Accessibility rating
F - 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 £60,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,000 Total approximate savings required £26,000.

Important borough specific eligibility criteria

Priority will be given to applicants who live or work in Newham but all 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 18/10/2018

Prices

Number of Beds 2
Full market price £400,000
Ownership 55% share available
Rent £382.62 pcm
Guidance household income £60,090
Status Available Now
Service charge £158.64

Location and local area

Local Transport

London Underground & DLR
Canning Town (0.3km)