2 bedroom apartment for sale
Artillery Place, SE18 4AB
Share percentage 35%, full price £450,000, £15,750 Min Deposit.
Share percentage 35%, full price £450,000, £15,750 Min Deposit.
Monthly Cost: £1,485
Rent £530,
Service charge £156,
Mortgage £799*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a ground floor, two-bedroom apartment in Woolwich, South London.
Description
The property comprises a wheelchair accessible, private entrance, open plan kitchen and reception, kitchen with integrated and standalone appliances, two bedrooms, master bedroom with access to rear garden, family bathroom with shower over bath and hallway storage.
The property is spacious with side doorways and high ceilings and benefits from access through a private front garden.
Lease: Commenced 2015 with 125-year term
Council Tax Band: Greenwich Council - B
Approx. Gross Internal Area: 856sq.ft.
FINANCIAL INFORMATION
Property Value = £450,000
Percentage Share = 35%
Share Price = £157,500
*Monthly Rent = £530.35
*Monthly Service Charge = £156.13
**Monthly Mortgage Payment = £805
***Annual Household Income = £54,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- Plenty of nurseries and schools and colleges in the local area and University of Greenwich. A vast array of shops, supermarkets and leisure activities a short walk into town. Situated near Woolwich Common and Army Barracks.
- Conveniently nearby transport links into London: bus, train, DLR, ferry and future Crossrail. London City Airport is 2 stops away on the DLR. Take the bus to North Greenwich station for the 02 Arena, IKEA Greenwich and Bluewater shopping centre.
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: B
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 35%, full price £450,000, £15,750 Min Deposit. Calculated using a representative rate of 4.64%
