2 bedroom apartment for sale
Building 50, Argyll Road, SE18 6PG
Share percentage 25%, full price £400,000, £10,000 Min Deposit.
Share percentage 25%, full price £400,000, £10,000 Min Deposit.
Monthly Cost: £1,862
Rent £1,129,
Service charge £226,
Mortgage £507*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
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
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £400,000, £10,000 Min Deposit. Calculated using a representative rate of 4.64%
