2 bedroom apartment for sale
Sir Francis Drake Court, SE10 0FF
Share percentage 25%, full price £450,000, £11,250 Min Deposit.
Share percentage 25%, full price £450,000, £11,250 Min Deposit.
Monthly Cost: £1,707
Rent £730,
Service charge £406,
Mortgage £571*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Two bedroom water front apartment with allocated parking
Description
SHARED OWNERSHIP
Full Market Value: £450,000
Share Value (25%): £112,500
Monthly Rent: £730.30
Service Charge:£405.67
Council Tax Band: C
125 year lease commenced August 2010 - 112years remaining
EWS1 certification is available for this property (B1 rating)
This waterfront apartment is locateda short walk from Greenwich town centre with all its local amenities with an array of restaurants and local shops, a market, an art house, a cinema, the Royal Park, the Cutty Sark and Naval Museum. You can stroll down the Thames path into the Greenwich Village or the O2 is located nearby and provides the ICON designer outlet, restaurants, cinema and regular entertainment activities.
Maze Hill mainline station is within a 10 minute walk and provides services to London Bridge in 13 minutes, Cannon Street and Blackfriars in 20 minutes, and St Pancras in 29 minutes. The Cutty Sark DLR is also a 15 minute walk away.
The North Greenwich Jubilee Line is also not too far away, giving great connections to central London with scheduled journey times of 2 minutes to Canary Wharf, 13 minutes to Westminster and 17 minutes to Bond Street.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £63,508. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our websitelqhomes.comand register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of February 2024.
Key Features
- Open plan kitchen and living room with floor to ceiling windows
- Kitchen fitted with light wood effect wall and base units, benefiting from stainless steel appliances
- Bright and airy double main bedroom
- Bathroom fitted with white three piece suite, with shower over bath and white tile surround
- Allocated parking space
- Two storage cupboards to hallway
- Video phone entry system
- Communal garden area with access to a communal tennis court
- Good EPC rating - B
Particulars
Tenure: Leasehold
Lease Length: 112 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 £450,000, £11,250 Min Deposit. Calculated using a representative rate of 4.64%
