Get information and guidance on the coronavirus outbreak

Feedback

Engine House
2 - 3 bedroom homes for sale in Radial Avenue, Tower Hamlets, E14 6AB

What is Shared Ownership?

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Read more about Shared Ownership. (Opens in new window)

Scheme Shared Ownership
Availability Available
Minimum share price from £116,250 for a 25% share
Full price from £465,000
Minimum deposit from £5,812
Monthly rent from £799
Service charge from £150
Bedrooms 2 - 3
Bathrooms 2
Parking 0 space
Wheelchair accessibility No

Videos, 3D tours

Overview

Located moments from Langdon Park DLR station, Engine House is perfectly placed. Just 4 stops from both Canary Wharf and Stratford and a few minutes from Chrisp Street market this development provides convenience & style in one.

 The apartments at Engine House are thoughtfully designed, with integrated SMEG appliances, En-suites & built in wardrobes to the master bedrooms as well as underfloor heating throughout.

 We currently have 3 x two bedroom apartments & 1 x three bedroom apartment that are ready to move into. Shares start at 25% - please get in touch for further information & pricing.

 *MAKE YOUR NEW HOUSE A HOME WITH A £2,000 FURNITURE VOUCHER FOR RESERVATIONS ON OUR REMAINING PLOTS* 

Plot availability

Scheme Shared Ownership
Availability Available
Minimum share 25%
Minimum share price £93,750
Full market price £375,000
Monthly rent £644
Monthly service charge £98
Plot 136
Floor 2
Beds 1
Bathrooms 1
Parking 0 space
Scheme Shared Ownership
Availability Available
Minimum share 25%
Minimum share price £93,125
Full market price £372,500
Monthly rent £640
Monthly service charge £113
Plot 135
Floor 1
Beds 1
Bathrooms 1
Parking 0 space
Scheme Shared Ownership
Availability Available
Minimum share 25%
Minimum share price £116,250
Full market price £465,000
Monthly rent £799
Monthly service charge £148
Plot 130
Floor Ground
Beds 2
Bathrooms 2
Parking 0 space
Wheelchair accessible No
Scheme Shared Ownership
Availability Available
Minimum share 25%
Minimum share price £117,500
Full market price £470,000
Monthly rent £808
Monthly service charge £148
Plot 133
Floor 1
Beds 2
Bathrooms 2
Parking 0 space
Scheme Shared Ownership
Availability Available
Minimum share 25%
Minimum share price £118,750
Full market price £475,000
Monthly rent £816
Monthly service charge £146
Plot 141
Floor 3
Beds 2
Bathrooms 2
Parking 0 space

Local area information

With Langdon Park DLR so close, you’re less than 10 minutes from Canary Wharf and less than 20 minutes to Bank or Stratford Stations.

Similar development projects have already transformed neighbouring areas. Nearby Stratford, for example, now offers a world of shopping and sporting opportunities as a legacy of the 2012 games. The Excel Centre is also within easy distance, together with London City Airport and all the stylish bars and boutiques of Canary Wharf. Across the river, Greenwich is a great place to visit at weekends, with the famous observatory, museum and the Cutty Sark.

 

 

 

Tower Hamlets Borough Council

E14 6AB

Register interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Register interest

Close

Freehold is where a person or organisation has outright ownership, forever, of a property and the land it’s built on.

Leasehold is a long-term tenancy where someone buys the right to live in a property for a certain period, usually 99 or 125 years. Unless the leaseholder makes arrangements to extend it, once the lease ends, ownership of the property returns to the freeholder. As a leaseholder, if you own a property in a block of flats, you don’t own the land the property sits on. This is owned by the freeholder of the property. Leaseholders usually pay ground rent too.

The rules a leaseholder must follow are governed by a contract, known as the lease. It can include restrictions on what they can do to a property. For example, whether they can have pets and whether they can rent the property out. The lease will also detail the leaseholder's rights. These may include, for example, the right to use the common parts or gardens, or to park a car in a shared car park.

You can find out more about leasehold and freehold from the Mayor’s Leasehold Guide for Londoners.

Freehold is where a person or organisation has outright ownership, forever, of a property and the land it’s built on.

Leasehold is a long-term tenancy where someone buys the right to live in a property for a certain period, usually 99 or 125 years. Unless the leaseholder makes arrangements to extend it, once the lease ends, ownership of the property returns to the freeholder. As a leaseholder, if you own a property in a block of flats, you don’t own the land the property sits on. This is owned by the freeholder of the property. Leaseholders usually pay ground rent too.

The rules a leaseholder must follow are governed by a contract, known as the lease. It can include restrictions on what they can do to a property. For example, whether they can have pets and whether they can rent the property out. The lease will also detail the leaseholder's rights. These may include, for example, the right to use the common parts or gardens, or to park a car in a shared car park.

You can find out more about leasehold and freehold from the Mayor’s Leasehold Guide for Londoners.