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£100,000
Fifth floor 2 bedroom home in the London borough of Greenwich for £100,00 (25% share price of £400,000 full market price), available through Shared Ownership.
ELIGIBILITY
You will need to be earning a guidance income of £67,990. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £10,000. Total approximate savings required £14,000.
Important borough specific eligibility criteria
Greenwich
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Viewings -
SAT 17 APRIL, SUN 18 APRIL, SAT 24 APRIL, SUN 25 APRIL, SAT 01 MAY, SUN 02 MAY - call 02038150060 now to book an appointment.
The property is a purpose built flat located on the 5th floor of a 7 storey building containing approximately 82 residential units within this section of the block. The flat has views overlooking the central lagoon.
The property is well serviced by public transport with a regular bus service operating along the A205 and A206 and with the nearest stations located at Woolwich Arsenal and Plumstead.
Specification
Ground floor
Communal Entrance -Security entry phone system with front door leading into communal hallway.
Fifth Floor
Entrance hall with storage and airing cupboards, 2 bedrooms, family bathroom with WC, kitchen/reception room.
External
The property benefits from a private balcony off the reception room overlooking a central lagoon.
The development benefits from communal grounds, a 24 hour concierge service, gym/leisure facilities and a secure allocating parking space.
GIA
60sq.m as per the RICS valuation.
Accessibility rating
F
EPC rating
B
Length of lease
110 Years Remaining
Borough
London Borough of Greenwich
Monthly Fees
*Monthly Mortgage: £531.61
Monthly Rent: £1,129.19
Service Charge: £225.91
Estimated Total (per month): £1,886.71 excluding council tax
*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
