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TheRefinery_SouthernHomeOwnership_SharedOwnership_
1 of 6
For Sale
Badge shared ownership
£128,250 (Prices from)
Full Market Value from: £513,000

The Refinery, Copeland Court, 3 Knights Road, London

Layout I, Copeland Court, The Refinery, London, E16 2TZ

Shared Ownership Apartment

Bedrooms: 3
Furnished: No
Reception rooms: 1
New Build: Yes
Bathrooms: 2
Area: 931 sqft
Description
A superb selection of two and three-bedroom apartments available to move in now in Silvertown, a great up-and-coming area perfect for Shared Ownership in East London.

Plot A10.3 is a three-bedroom property located on the 10th floor, it is 87m2 and available with parking:

Full Market Value: £513,000
Shares available from 35%: £179,550
Rent*: £764.16 per month
*Calculated at 2.75% per annum of the value of the share that you do not initially buy.

Scheme Information:

Leasehold
Lease length: 125 from 2019
Council tax is due from the day of legal completion even though the banding may not yet be confirmed, please bear this in mind and make the necessary arrangements. When the property banding is confirmed, it will be listed on the following page: https://www.gov.uk/council-tax-bands or email [email protected]
Estimated Annual Service Charge: £2,520
Service Charge Review Period: Yearly
Ground Rent: £0

Eligibility for Shared Ownership

In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:

  • You must be at least 18 years’ old with a clean credit history
  • Your annual household income must be less than £90,000 in London, or £80,000 outside of London
  • You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
  • You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments

Find out what you can afford

Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.

*Help to Buy: Equity Loan

  • London Boroughs: 40%
  • Outside of London: 20%
Shared Ownership
*The affordability calculators give you an indication of affordability only. Your initial affordability assessment will need to be completed by an Independent Financial Advisor (IFA).

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