2 bed flat for sale

Headwater Point, 2 Dipper Drive, London E3

Shared ownership (Advertised price represents 25% share. Full market value £475,000). A two-bedroom apartment in a recently-constructed development which features an impressive roof terrace with bar and far-reaching views. The smartly-presented property is on the fifth floor and has reception room with attractive kitchen units and integrated appliances. There is a spacious main bedroom, with fitted wardrobe and en-suite shower room, plus a good-sized second double bedroom and a stylish bathroom. A trio of built-in of storage/utility cupboards have been provided and demanding insulations standards, high performance glazing and a communal heating/hot water system all contribute towards a very good energy-efficiency rating. In addition to the roof terrace, residents of Headwater Point can make use of a twenty-four-hour concierge service and receive discounted membership of the nearby gym. There are shops just minutes away plus Bromley-by-Bow Station for access to the District and Hammersmith & City Lines.

Interested parties are required to complete the shared ownership common application form [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: The Guiness Partnership.
Tenure: Leasehold (990 years less 10 days from 01/10/2021).
Minimum Share: 25% (£118,750).
Shared Ownership Rent: £1005.08 per month (subject to annual review).
Service Charge: £262.50 per month (subject to annual review).
Guideline Minimum Income: Dual - £64,200 | Single - £74,000 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Tower Hamlets.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Kitchen / Reception / Dining Room

20' 2" x 26' 2" (6.15m x 7.98m)

Bedroom 1

15' 8" x 9' 0" (4.78m x 2.74m)

Bedroom 2

13' 4" max. X 11' 0" (4.06m x 3.35m)

Bathroom

7' 2" max. X 6' 8" max. (2.18m x 2.03m)