Share Price £93,750 (from 25% Min. Share)

Full Value £375,000 | £9,375 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

1 bedroom apartment in Greenwich

place Drummond House, 11 Victory Parade, SE18 6FW

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One bedroom 5th floor apartment in the London borough of Greenwich available through Shared Ownership.


Eligibility

As a guide you will need to have a household income of at least £42,552. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £9,375.Total approximate savings required £13,375.

All London applicants will be considered, with priority given to Greenwich applicants

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.


Description

We are delighted to offer this well maintained one bedroom 5th floor apartment within the prestigious Royal Arsenal Riverside development with excellent transport links which include Woolwich Arsenal DLR/BR station (0.3 miles), Woolwich Thames Clipper (0.4 miles) and Woolwich Ferry South Pier (0.8 miles).

Drummond House is well located for access to the onsite facilities found within Royal Arsenal Riverside and the Residents further benefit from the 24 hour concierge service.

The property is also located within 0.2 miles of the forthcoming on site Crossrail Station.

Ground Floor

  • Entryphone system to Communal Lobby.
  • Second secure door to Communal Hallway.
  • Passenger Lift and Stairwell.

5th Floor

  • Entrance hallway
  • Reception room with open plan kitchen
  • Bedroom
  • Bathroom with W/C

External

  • Private balcony
  • Communal gardens

GIA

55 sq.m

EPC rating

B

Length of lease

119 Years

Borough

Greenwich


Key Features

  • Double glazed windows
  • Private balcony
  • Communal garden
  • On site concierge and gym

Local Transport:

Overground

  • Woolwich Arsenal - 0.3mi
  • Plumstead - 0.6mi

Underground

  • Woolwich Arsenal 0.3mi

Download Documents

Link to the floor plan Energy Certificate

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 93,750
Min. £93,750
Share percentage
Min. 25%
Your deposit
Min. £9,375
Monthly cost*
£1,073
Cost breakdown
£486
Rent
£183
Service charge
£404
Mortgage*
Calculated using a representative rate of 3.09%
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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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.