- 25% shared ownership available; lower upfront purchase cost
- 5% minimum deposit required on the share only
- Fourteenth-floor flat with private balcony and city views
- Modern separate kitchen; open-plan living/dining room
- EPC B; double glazing; community mains-gas heating scheme
- Service charge high: £4,994.84 per year (above average)
- Total monthly charge approx £1,058.77 plus mortgage on share
- Leasehold: 110 years remaining; check mortgage suitability
This bright two-bedroom apartment on East Ferry Road is offered via Shared Ownership, making central Isle of Dogs living more accessible. The flat sits on the fourteenth floor and benefits from a private balcony, a modern separate kitchen and an open-plan living/dining area with good natural light. Canary Wharf is a 10-minute walk and Crossharbour DLR is under a minute away, giving fast links to Bank, Stratford and Lewisham.
The purchase price shown is for a 25% share (marketing price £470,000) with a 5% minimum deposit on the share. Monthly costs are split between rent and service charge — total monthly charge is approximately £1,058.77 plus mortgage payments for the share; an annual rent increase takes place each April. The property has an EPC B and double glazing; heating is via a community mains-gas scheme.
Important considerations: service charges are above average and currently £4,994.84 per year. The flat is leasehold with 110 years remaining — buyers should check mortgage eligibility and resale implications with their solicitor and financial adviser. The building is modern (post-2012 construction) and suits singles or couples seeking convenient commuter access rather than buyers wanting a low-running-cost home.
Nearby amenities include supermarkets, restaurants and frequent public transport; local schools and healthcare are within easy reach. Overall, this apartment offers a practical route into a central E14 address for purchasers who value location and modern fixtures, provided they budget for the service charge, shared rent and communal heating arrangements.
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