1 bedroom apartment for sale
Available
Royal Arsenal Riverside Sales & Marketing Suite, Imperial Building, No. 2 Duke of Wellington Avenue, SE18 6NJ
£470,000 · London Help to Buy

Equity loan 40%, full price £470,000, £23,500 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£470,000 London Help to Buy · Eligibility Eligibility

Equity loan 40%, full price £470,000, £23,500 Min Deposit.

Monthly Cost: £1,209
Service charge £188, Mortgage £1,021*

Calculated using a representative rate of 1.39%

Calculate estimated monthly costs

£
Eligibility

Help to Buy is available to first time buyers and current homeowners who meet the qualifying criteria, as follows:

  • The scheme is exclusively for owner occupiers. It must be the only property you own, and you are not allowed to sublet it or enter into a part exchange deal on your old home
  • There's no upper limit on your household income
  • You can buy a new home with a maximum price of £600,000, at participating developments - such as Royal Arsenal Riverside.
Summary

Brand new 1 bedroom, 1 bathroom available with London Help to Buy at Building 10

Description

Building 10
Property number: 3.0.1
Speak to a Sales Consultant today to find out more or to arrange a virtual viewing

Available to purchase with London Help to Buy, this brand new 1 bedroom, 1 bathroom apartment is available to purchase with as little as a 5% deposit.

Help to Buy is available to first time buyers and current homeowners who meet the qualifying criteria, as follows:
* The scheme is exclusively for owner occupiers. It must be the only property you own, and you are not allowed to sublet it or enter into a part exchange deal on your old home
* There's no upper limit on your household income
* You can buy a new home with a maximum price of £600,000, at participating developments - such as Royal Arsenal Riverside.

TYPICAL EXAMPLE
Example home value: £475,000
5% deposit: £23,750
40% equity loan: £190,000
55% mortgage: £261,250

THE FINANCIAL FACTS
*£500 reservation fee
*Minimum of 5% deposit required
* Up to 40% is covered by a Homes and Communities Agency equity loan which doesn't have to be repaid for 25 years or until the property is sold or the mortgage redeemed, whichever is sooner
* You will not be charged any interest on the 40% loan for the first five years of owning your home. However a management fee of £1 a month will be applicable from the date of purchase. From year six, a fee of 1.75% is payable on the equity loan, which rises annually by RPI (Retail Price Index) inflation plus 1%
*You can obtain a mortgage for a minimum of 55% of the price

Building 10
The latest and exciting new addition to Royal Arsenal Riverside which combines 10 stories of luxury 1, 2 and 3 apartments looking over Windsor Square; an open atrium, full of the comings and going of daily life with a host of local shops and eateries. It also features a landscape courtyard area providing plenty of places to meet - making it the perfect area to enjoy time close to home. Residents of Building 10 will also enjoy five star fitness and well-being facilities on their doorstep, at The Waterside Club. Which includes a 24 hour Concierge,20m swimming pool, spa pool, sauna and steam room, massage treatment room, high-tech cinema room, fitness studio and gym.

Connections
Building 10 is located in the heart of Royal Arsenal Riverside, a Berkeley's development which occupies a prime location along the River Thames and is quickly becoming one of South East London's best connected developments, with a forthcoming on-site Crossrail station due to add even greater travel connections to the already fantastic travel options available. The development benefits from an on-site Thames Clipper Pier offering easy access into Central London, with the National Rail and DLR station just a short walk away. For the frequent flyer, London City Airport can be reach in just 7 minutes via DLR.

Royal Arsenal Riverside
Offers a buzzing retail hub, with all the everyday essential amenities on your doorstep. Including, Barclays, M & S food, Sainsbury's, gastro-pubs and bars, Royal Arsenal Dentist and pharmacy, day-care facilities and the award winning Con Gusto restaurant. As well as a forthcoming 16,500 Sq. Ft. Creative District, inclusive of studio's and performance spaces, set to rival South Bank.

To find out more about Building 10, please speak to a Sales Consultant today.

*Train times are approximate only. Computer generated images and photography are indicative only.
YOUR NEW HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENT ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHECK THAT THESE MORTGAGES WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT FINANCIAL ADVICE. You can obtain a mortgage for a minimum of 55% of the price.

Key Features
  • Available to purchase with London Help to Buy
  • 1 bedroom, 1 bathroom
  • 593 sq. ft.
  • North & South aspects
  • Private balcony
  • Excellent on-site amenities, shops, bars, restaurants and much more
  • Residents will have access to a 24 hr Concierge service
  • Close proximity to forthcoming on-site Crossrail station
  • Excellent travel links, DLR & National Rail a short walk away
  • Anticipated Completion: June - July 2022
Property Downloads
Floor Plan Brochure
Video Tour
Map
Woolwich Arsenal (0.15 miles) Plumstead (0.57 miles) Woolwich Dockyard (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.

£470,000
London Help to Buy
Estimated Monthly Cost:£1,209
Rent £0
Service Charge £188
Mortgage £1,021

Equity loan 40%, full price £470,000, £23,500 Min Deposit. Calculated using a representative rate of 1.39%


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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.