2 bedroom apartment for sale

Available

Building 50, Argyll Road, SE18 6PG

£100,000 · Shared Ownership Resale

Share percentage 25%, full price £400,000, £10,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£100,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £400,000, £10,000 Min Deposit.

Monthly Cost: £1,786
Rent £1,129, Service charge £226, Mortgage £431*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Eligibility

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.

Summary

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.

Description

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.

Key Features

Location

Apartment Building is situated in a prime location fronting the River Thames. The development is conveniently located for local shops and amenities including railway stations.

Nearest Station

Woolwich Arsenal station: 0.6 miles 11 minute walk

Property Downloads
Floor Plan Energy Certificate
Map
Woolwich Arsenal (0.44 miles) Plumstead (0.54 miles) King George V (0.73 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£100,000
Shared Ownership Resale
Estimated Monthly Cost:£1,786
Rent £1,129
Service Charge £226
Mortgage £431

Share percentage 25%, full price £400,000, £10,000 Min Deposit. Calculated using a representative rate of 3.09%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.