Royal Albert Wharfin London
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Royal Albert Wharf on the map of London
Mortgage in Royal Albert Wharf
Shared Ownership
Shared Ownership is a type of affordable homeownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
Standard eligibility criteria for Shared Ownership
- Be at least 18 years old.
- Annual household income must be less than £90,000 (In London).
- Annual household income must be less than £80,000 (Outside of London).
- Not allowed to own another home. If you already own another property (in the UK or abroad), you must be in the process of selling it.
- Not able to afford to buy a suitable home on the open market.
- Able to demonstrate that you are not in mortgage or rent arrears.
- Able to demonstrate a good credit history and show that you are able to afford the regular payments and costs involved in buying a home.
- Have savings or be able to access at least £4,000 to cover the costs of buying a home. (This is a guideline figure, the actual amount may vary.)
Please note: Eligibility criteria may vary per housing association and therefore you should always check the exact criteria with the developer or housing association responsible for the exploitation of the project.
Help to Buy
Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market with an equity loan (also known as shared equity) of up to 40% of the value of a new build home.
- Requires only 5% deposit
- Only a 55% mortgage required
- 40% Government equity loan (interest free for the first 5 years)
- Available on new build homes up with a value of up to £600,000
Eligibilty Criteria
Requirements:
- Minimum age of 18 years.
- Must be first-time buyer.
Not allowed:
- Owning a home or land anywhere in the world at any time.
- To have had any form of sharia mortgage finance.
- Owning a home bought with other people or inherited.
- Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
- Purchasing a second home
There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.
| Region | Full property price limit |
|---|---|
| East | £407,400 |
| East Midlands | £261,900 |
| London | £600,000 |
| North East | £186,100 |
| North West | £224,400 |
| South East | £437,000 |
| South West | £349,000 |
| West Midlands | £255,600 |
| Yorkshire and The Humber | £228,100 |
*Terms and conditions apply
Mortgage
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Property Details
About the house
| 🟧 Tenure | Leasehold |
| 🟧 Height Classification | Mid-rise |
| 🟧 Quality Classification | High-end |
| 🟧 Number of units | 1059 |
| 🟧 Security & Safety | Video entry phone system with touch sensitive display, smoke and heat detector with battery backup |
| 🟧 Number of buildings | 4 |
| 🟧 Off-plan property | No |
| 🟧 Property Type | Apartments |
| 🟧 Concierge | Yes |
| 🟧 Gym | Yes |
| 🟧 Swimming Pool | No |
| 🟧 Energy Efficiency | SMART meters to each apartment, Built to Sustainable Homes Code Level 4 |
About the units
| 🟧 Bedroom | Manx Tomkinson carpet in neutral tones (80% wool), Low energy LED downlights, Satellite multi room to master bedroom, Built-in wardrobe to master bedroom |
| 🟧 Heating & Cooling | Underfloor heating |
| 🟧 Electricity & Lighting | FIBRE broadband enabled, TV points to all bedrooms, Stainless steel light switches and electrical sockets throughout, One USB charging socket in every room, two to master bedroom |
| 🟧 Bathroom | Ideal Standard bath with mixer taps and glass shower screen, Ideal Standard Rainshower over bath, Ceramic wall tiling |
| 🟧 Floor | Underfloor heating, Manx Tomkinson carpet in neutral tones (80% wool) in bedrooms |
| 🟧 Kitchen | Manhattan kitchen with high gloss white finish, Bosch appliances including integrated oven, four-zone ceramic hob and hood, Integrated dishwasher from Bosch, Washer dryer included |
Property Description
In which area is Royal Albert Wharf situated?
Placed on the edge of Royal Docks, the new residential complex boasts a riverside location with the River Thames on one side and the docks on the other, enjoying beautiful water sceneries that belong to the London Borough of Newham. The fast-growing riverside industrial district is steadily becoming a new hub for business and culture in London, keeping up with the nearby Canary Wharf. The area is packed with numerous eateries, shops, and businesses that provide everything residents might need.
To get some rest from all the noise and stress, residents of Royal Albert Wharf are welcomed to enjoy the serene sanctuary of Royal Victoria Gardens that offers riverside strolls amidst its lush greenery. For more active leisure, the park features a splash pool, a playground, and tennis courts.
Royal Docks have unrivalled transport connections. Linking the area to Canary Wharf, Waterloo, and Heathrow Airport, the Gallions Reach DLR station is within touching distance of Royal Albert Wharf. In addition, London City Airport is just a 7-minute drive away.
Are there any nearby facilities?
- Nurseries/Education: University of East London (13 min), New Directions Pupil Referral Unit (19 min), Winsor Primary School (15 min), Gallions Primary School (14 min), Tamba Day Nursery Beckton (15 min), The Alphabet House Nursery School (19 min)
- Shopping: EXTRA SHOP (3 min), Co-op Gallions Reach (3 min), Gallions Reach Retail Park (19 min), Asda Beckton Superstore (24 min), Beckton Retail Park (24 min), MAS Bazar Superstore (24 min)
- Medical Facilities: North Woolwich Dental Clinic (22 min), London Medical Clinic Ltd (16 min), Royal Docks Medical Practice (14 min), Dr C K Sikka - Tollgate Medical Centre (25 min)
- Café/Restaurants: Galyons Bar & Kitchen (3 min), Naked Cupcakes (3 min), The Well Bean Co. (1 min), Costa Coffee (13 min), Nando's Beckton (20 min), McDonald's (20 min)
- Entertainment: Cookie's Island (17 min), Docklands Riders (13 min), Beckton Ski Slope (27 min), Royal Victoria Gardens Childrens Play Area with Paddling Pool (17 min)
- Others: Royal Docks Pumping Station (2 min), Gallions Point Marina Ltd (17 min), Woolwich Foot Tunnel North (25 min), North Woolwich Pier (23 min)
What are the project features?
Standing along the River Thames, the 4 mid-rise buildings of Royal Albert Wharf reflect the spirit of the docklands. To add some authenticity, the complex features robust, warehouse-style materials, including multi-brickwork and panels, giving off a handcrafted vibe. The façades are peppered with huge floor-to-ceiling windows that flood the living areas with an abundance of natural light and provide breathtaking views of the waterways. In addition, Royal Albert Wharf provides spacious balconies with glass balustrades and 180-degree views of the river.
Which amenities are on the territory?
Royal Albert Wharf features beautifully-landscaped green spaces and riverside walks to enjoy the picturesque location and long strolls along the Thames. In addition, the complex includes a multi-use community space and RAW Labs, a creative arts hub that hosts art-related events and workshops. The plan also involves bringing a series of cafés, shops, and even a gym. In addition, Royal Albert Wharf is served by a premium concierge, who offers a warm welcome to all residents and guests. The complex includes secure cycle storage facilities.
Is there public transport?
- Bus stop: 101, 262, 366, N551 (4 min), 474 (6 min)
- Metro Line: Gallions Reach (5 min), Cyprus (14 min)
- Road Access: Royal Docks Road
- Airport: London City Airport (7 min), London Stansted Airport (39 min)
- Car Rental: Enterprise Car Club (1 min)
- Others: Woolwich Ferry (26 min)
Are there apartments for sale?
Royal Albert Wharf offers a diverse collection of one-, two-, and three-bedroom apartments. The units come with spacious balconies, most of which offer stunning river views. The open-plan layouts maximise the available space, while the large full-height windows, coupled with the interiors’ light colour palette, bathe the living areas in an abundance of natural light. For maximum comfort, all homes are equipped with an underfloor heating system that keeps your feet warm no matter the weather.
The Manhattan kitchens feature elegant cabinets with a high gloss white finish and a top-notch collection of Bosch appliances that include an integrated oven, a four-zone ceramic hob, an integrated dishwasher, and a washer-dryer. Meanwhile, the bathrooms benefit from an Ideal Standard bath, equipped with mixer taps and a rain shower.
About Notting Hill Genesis
Royal Albert Wharf is a project of Notting Hill Genesis, a property development company established in 2018 by the amalgamation of Notting Hill Housing and Genesis Housing Association. Headquartered in London, the company is committed to delivering affordable homes in the capital and the South East. Notting Hill Genesis aims to leave a positive legacy by creating thriving communities and implementing sustainability practices. With a proven track record in complex property development, the company’s impressive portfolio includes projects such as Dockside at Millharbour, Manor Place Depot, the Kiln Works, and Greenstock Lane.
For more details on Royal Albert Wharf and Notting Hill Genesis, please visit the official website of the developer.
