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£121,250
Two bedroom, two bathroom third floor apartment with private balcony.
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full market value: £485,000
You pay (25%): £121,250
Monthly rent: £1224.38
Monthly service charge: £369.35
Annual Ground rent: £100.00
Council Tax Band: D
125 Year lease commenced September 2012 - 114 years remaining
EWS1 Certification is available for this property : B1 rating.
On entering this apartment, find the two double bedrooms to your right, the master with fitted wardrobe and en-suite shower room. Walk past the contemporary family bathroom into the dual aspect living area, which is flooded with light from the large windows. A larger than average balcony suitable for reclining or dining opens from the living area.
Greenwich Square is created around a vibrant public square, including leisure facilities, GP/Surgery, library, swimming pool and gym with around 30 different exercise classes for both adults and kids including Yoga and Pilates. There is a range of retail amenities as well as providing a diverse mix of apartments, maisonettes and townhouses.
Maze Hill station is a short walk away, just two stops from London Bridge and North Greenwich tube is just a ten-minute bus ride away. Numerous bus routes into Greenwich offer further overground and DLR connections to Canary Wharf and East London.
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 £81,635. 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 website www.lqhomes.com and 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 July 2024.
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