Flat for sale in Maple Quays, Needleman Street, Canada Water SE16

(35% Shared Ownership) A spacious and well-presented 617sqft apartment located in the heart of Canada Water, moments from the station. Boasting a private terrace, sociable open-plan living area, floor-to-ceiling glazing, useful hallway storage and onsite cycle store, 24-hour concierge and gym. Chain free.

This smart ground floor home has a welcoming entrance hall containing two large storage cupboards, plenty of cupboard space in the modern kitchen, along with a full-size fridge/freezer and dishwasher. The bathroom can be entered from both the hallway and bedroom, while the south-east facing terrace is accessible from both the bedroom and living area.

Additional features include, secure video entry system, double glazing, district heating system and superfast broadband availability through Hyperoptic.

Set within the sought-after Maple Quays development, which benefits from a 24-hour residents’ gym, concierge, cycle store, as well as a gated central communal garden and a roof top garden offering stunning views across London.

There are an ever-increasing number of things to do in the area, from getting a bite to eat at the Canada Water Café, an evening drink at the historic Mayflower riverside pub, tennis in Southwark Park, a run through Russia Dock Woodland, or enjoying city views from outside The Angel pub on warm summer nights. The wider neighbourhood also offers some respite from urban life with the docks, green spaces and river providing plenty of open areas to experience.

The property will benefit from significant investment in the area, including the underway 53-acre / £5.6Bn project, the Canada Water Masterplan with London's first new high street in over 100 years. There is also the newly proposed electric ferry service with six crossings an hour (for pedestrians and cyclists) between Surrey Quays and Canary Wharf from 2025.

Leasehold. RICS Full market value: £470,000. Percentage for sale: 35%. Current rent (based on remaining 65% share): £594.28pcm (to April 2025), Service charge: £240.03 per month (to April 2025). The ground rent is £150 per annum (will increase to £250 in March 2035) and the lease has 110 years remaining. An acceptable EWS1 form with an A1 rating is in place. Southwark Council Tax Band: D. Higher purchase percentage available depending on individual status.

Shared ownership is designed to help people who can’t afford to buy on the open market, so there are some eligibility criteria:
• must earn less than £90,000 per year
• you must be 18 or older
• you can’t be a homeowner
• you can’t have enough money to buy a home outright.<br /><br />