Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Apartment
1 bedroom
Not specified
1/12
Available
£77,000
Merbury Close, Greenwich, SE28 0LU
Share 35% / Full price £220,000 / Min deposit £7,700
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Description
Property reference number: 1639055
Strand House is a 1-bedroom, first-floor apartment in a modern apartment block located at West Thamesmead, Greenwich.
There are good transport links with Plumstead Station served by National Rail. Local buses serve the area and provide links to Central London.
For leisure and enjoyment, Gallions Park is within walking distance, perfect for dog walks, jobs or reconnecting with nature. There are multiple bars, restaurants and cafes in the local area. You will find access to the riverside walkways, stores and doctor surgeries. The flat is also close to several schools.
Nearest station: Plumstead Station - Thameslink and Southeastern
Bus routes nearby: 244, 380
Key features
- Car parking space
- Integrated kitchen appliances
- Communal garden
- Proximity to London City airport
Financial information
Tenure: Leasehold
Remaining lease term: 105 years
Annual ground rent amount: £120
Ground rent review period: 25 years
Monthly service charge amount: £173
Service charge review period: Annually
Council tax band: B
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to and from, and you can specify the maximum time of the commute and by which transport method.
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.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£77,000
Shared Ownership Resale
Full price £220,000
Estimated monthly cost£974
Rent£592
Mortgage£382
Calculated using a representative rate of 4.42%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
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Next steps
You can check and update your enquiry in the 'My Account' area.