1 bedroom apartment for sale
Drummond House,, 11 Victory Parade, Plumstead Road, SE18 6FW
Share percentage 45%, full price £353,000, £15,885 Min Deposit.
Share percentage 45%, full price £353,000, £15,885 Min Deposit
Monthly Cost: £1,552
Rent £470,
Service charge £280,
Mortgage £802*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £51.360 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,885.Total approximate savings required £19,885.
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.
Summary
One bedroom 8th floor apartment in the London borough of Greenwich available through Shared Ownership Full Market Value £ 353000 @45% £158,850
Description
We are delighted to offer this well maintained one bedroom 8th floor apartment within the prestigious Royal Arsenal Riverside development with excellent transport links to the Elizabeth line, 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.
Ground Floor
Entryphone system to Communal Lobby.
Second secure door to Communal Hallway.
Passenger Lift and Stairwell.
8th Floor
Kitchen
Living Room
Utility Room
Bedroom 1
Bathroom
Balcony
External
Balcony
Communal Garden
Admin Fee for Shared Ownership
£13.50
Floor Area
55 sqm
Length of lease
116 years remaining
Key Features
This well-maintained 8th floor apartment boasts two generous double bedrooms and is located in the sought-after Royal Arsenal Riverside development. The property features a spacious open-plan kitchen and lounge, complete with a modern fitted kitchen, integrated fridge freezer, and dishwasher.
Enjoy the stunning view from the large balcony, perfect for relaxing or entertaining. Floor-to-ceiling windows throughout fill the space with natural light, while a large utility cupboard offers practical storage.
The subject property is within a short distance of the nearest DLR and Main line rail stations; Woolwich Arsenal with Crossrail Elizabeth Line Woolwich station also within close proximity.
The property is within a short distance of the local shopping and recreational facilities within the area and the river Thames
Local Transport:
Overland train - Woolwich Arsenal
DLR - Woolwich Arsenal
Elizabeth Line - Woolwich
Elizabeth Line - Woolwich - Conveniently situated above the new Elizabeth Line station, this apartment offers fast and frequent connections to central London
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Map
Material Information
Total rooms: 3
Furnished: Unfurnished
Washing Machine: No
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: No
Outside Space/Garden: Yes - Private Balcony
Year property was built: 2015
Unit size: 53.9m/sq
Communal lift: Yes
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: FTTP (Fiber to the premises)
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 45%, full price £353,000, £15,885 Min Deposit. Calculated using a representative rate of 4.59%
