Summary - Third Floor Plot A-05-01 E14 7EG
2 bed 1 bath Flat
Affordable shared ownership in a contemporary new-build, ideal for first-time buyers.
- New-build two-bedroom apartment with private balcony and roof terrace access
- Sold via shared ownership: 50% share (£270,000) of £540,000 value
- 5% deposit on share (£13,500); rent ~£618.75 monthly on unsold share
- Open-plan layout; compact rooms and single bathroom
- Community heating scheme; limited individual heating control
- Fast broadband, excellent mobile signal, and low local crime
- Local area classed as very deprived; consider long-term resale
- Leasehold tenure; check lease length and service charges
A contemporary two-bedroom shared ownership apartment in a new-build block at Vincent Wharf, offering city living with a private balcony and communal roof terrace. The open-plan living, dining and kitchen space is bright and compact, suited to first-time buyers or young professionals seeking a low-maintenance urban home.
The property is sold as a 50% share at £270,000 (full market value £540,000). A 5% minimum deposit on the share is required (£13,500) and the monthly rent on the unsold share is approximately £618.75. Tenure is leasehold and the building is served by a community heating scheme, which may mean limited individual control over heating costs.
Practical benefits include fast broadband, excellent mobile signal and low local crime. Nearby schools include several rated Good or Outstanding, and local amenities and transport links are within easy reach. Expect relatively small room sizes and a single bathroom; the flat suits buyers wanting an affordable entry into London rather than a family needing extensive space.
Note the wider area scores high for deprivation, which may affect long-term resale appeal, and council tax band is not specified. As a new build, the home is finished to contemporary standards but buyers should check lease length, service charges and the community heating arrangements before committing.
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