1 bedroom apartment for sale

Available

Strand House, Merbury Close, SE28 0LU

£100,000 · Shared Ownership Resale

Share percentage 50%, full price £200,000, £10,500 Min Deposit.

Available
1 bedroom
1 Bathroom
£100,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £200,000, £10,500 Min Deposit.

Monthly Cost: £1,032
Rent £378, Service charge £225, Mortgage £429*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Eligibility
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

One-bedroom (46m2), Third Floor Apartment with Parking, now available in Greenwich

Description

Once you have registered your interest, you will receive an email to book your viewing.

Thisone-bedroom in Strand House located on the third floor in a four-storey apartment block, built around 2003. The remaining time on the lease is 110 years and its approximate size is 46 sq. meters.

There are good transport links with Woolwich Arsenal and Plumstead Stations 1 mile away, served by National Rail and DLR linking to London Bridge in 23 minutes. Local buses serve the area and the buses link to Central London.

Local amenities are located 0.3 miles away along Battery Road. For leisure and enjoyment, Bars and Restaurants are within 0.3 miles.

  • Nearest Station: Woolwich Arsenal Station (Thameslink / Southeastern) Woolwich Arsenal DLR Station & Plumstead Station (Thameslink and Southeastern)
  • Bus routes nearby: Bus routes 244, 380, 51, 53, 54, 291, 386, 658.

The property located on the third floor comprises:

  • Entrance: Hallway with entry phone system
  • Living Room: Spacious lounge with lots of natural light overlooking the park. Woolmix carpeted flooring.
  • Kitchen: Light brownwall units with grey worktop and tiled splashback. Integrated stainless-steel oven, hob, cooked hood. Linoleum flooring
  • Bedroom One: Double bedroom. Woolmix carpeted flooring.
  • Bathroom: White suite comprising panelled bath with shower head, WC and hand washbasin with shelving. Part tiled. Linoleum flooring
  • Outside: Large park view, allocated parking space and communal garden

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure:Leasehold
  • Remaining Lease Term: 107Years
  • Annual ground rent amount: £120 p.a.
  • Ground rent review period: 1st April annually
  • Annual service charge amount: £2,705.04
  • Service charge review period: 1st April annually
  • Council tax band: Band B
Key Features
  • Available through Shared Ownership
  • Beautifully presented
  • Great transport links
  • Secure Parking
Map
Plumstead (0.75 miles) Gallions Reach (0.79 miles) King George V (0.96 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£100,000
Shared Ownership Resale
Estimated Monthly Cost:£1,032
Rent £378
Service Charge £225
Mortgage £429

Share percentage 50%, full price £200,000, £10,500 Min Deposit. Calculated using a representative rate of 3.09%


Development
Resales
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.