Full Price £592,500 (with 40% Equity Loan)

Minimum deposit: £29,625

Scheme: London Help to Buy

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Kidbrooke Village - 2 bed apartment in Greenwich

place Kidbrooke Village Sales & Marketing Suite, 72 – 73 Wallace Court, 40 Tizzard Grove, SE3 9FD

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Available with London Help to Buy - 2 bed, 1 bath


Eligibility

Help to Buy is available to first time buyers and current homeowners who meet the qualifying criteria as follows:

-The scheme is exclusively for owner occupiers. It must be the only property you won, and you are not allowed to sublet it or enter into a part exchange deal on your old home
-There’s no upper limit on your household income
-You can buy a new home with a maximum price of £600,000, at participating developments – such as Kidbrooke Village

The financial facts:

£500 reservation fee
Minimum of 5% deposit required
Up to 40% is covered by a Homes and Communities Agency equity loan which doesn’t have to be repaid for 25 years or until the property is sold or the mortgage is redeemed, whichever is sooner
You will not be charged any interest on the 40% loan for the first five years of owning your home. However a management fee of £1 a month will be applicable from the date of purchase. From year six, a fee of 1.75% is payable on the equity loan, which rises annually by RPI (Retail Price Index) inflation plus 1%
You can obtain a mortgage for a minimum of 55% of the price

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Check that these mortgages will meet your needs if you want to move or sell your home or want your family to inherit it. If you are in any doubts, seek independent financial advice.


Description

PropertyB-08-02
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Village living only 16 minutes from London Bridge.

Birch House offers the very definition of contemporary living on a grand scale. As the centerpiece of The Village Centre - the hub of the community - this new apartment building boasts a stunning range of new homes.

This brand new 2 bedroom,1 bathroom home is located within Birch Houseat the heart of Kidbrooke Village, The Village Centre, which is where everyone gravities to for convenient shopping and other local facilities. The interim hub includes a supermarket, coffee shop, dentist, doctor, and pharmacy. Once complete, the permanent hub will have a Young's Pub and Dining, a Sainsbury's supermarket and much more.

With 35 acres of open parkland to explore at Kidbrooke Village, it's easy to escape into the great outdoors. You can explore the wide open spaces of the established Sutcliffe Park and the newly created Cator Park, meaning that you are always close to nature. Berkeley is ensuring that nature will continue to flourish here by working with the London Wildlife Trust, who are the only charity dedicated to solely protecting he capital's wildlife and wild spaces - all only 16 minutes from London Bridge.

When you buy a new home from Berkeley you can be safe in the knowledge that it is built to very high standards of design and quality, has low environmental impact and that you will enjoy an exceptional customer experience.

*Computer generated images of Birch House are indicative only. Train timings are approximate only. Source TFL


Key Features

- Available under London Help to Buy
- 2 bedrooms
-1 bathrooms
-715 sq. ft.
- Private balcony
- South/East aspects
- Conveniently located for a range of on-site amenities
- Only a short walk from Kidbrooke station
- Be at London Bridge in just 16 minutes
- Close proximity to Blackheath
- Estimated completion: October 2019 - January 2020


Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 592,500
Min. £592,500
Equity loan
40%
Your deposit
Min. £29,625
Monthly cost*
£1,546
Cost breakdown
£259
Service charge
£1,287
Mortgage*
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Location

Disclaimer

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.