Available

£238,000

Babbage Point, 20 Norman Road, SE10 9FA
Share 40% / Full price £595,000 / Min deposit £23,800

Apartment
3 bedrooms
Not specified

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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.
Description

Property reference number: 1061

Babbage Point is a third-floor, 3-bedroom apartment with underfloor heating, a private balcony & an ensuite. Time remaining on the lease is 117 years.

The zone 2 flat is situated in an area with a wealth of nearby restaurants and amenities nearby from the 02, Up the Creek Comedy Club, Wetherspoons and views of the river Thames nearby. Cutty Sark/Greenwich stations are close-by, offering an unprecedented choice for commuters. Baggage Point also benefits from green spaces too with Greenwich Park within walking distance, perfect for door walking and other types of exercise.

  • Nearest Railway Station: Cutty Sark/Greenwich
  • Bus Routes Nearby: 199, 188

The property located on the third floor comprises:

  • Private spacious balcony 
  • Fantastic view of the river
  • Underfloor heating, perfect for the winter
  • Spacious lounge with lots of natural light
  • Communal garden
  • Roof terrace on the 6th floor
  • Integrated appliances in very good condition stainless steel oven, hob, cooker hood, washing machine and fridge-freezer and dishwasher
  • Communal bike storage

What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody.
 
If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
 

What is Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, 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 homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.


Financial information

  • Tenure: Leasehold
  • Remaining Lease Term: 117 Years
  • Annual ground rent amount: £0,00
  • Ground rent review period: Only applicable upon final staircasing
  • Annual service charge amount: £2,323.80
  • Service charge review period: 1st April annually
  • Council tax band: Band C
*Financial information is correct as of 13.11.23

Description

Property information & downloads

Material information

Floor plan
Local area information
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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.
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Monthly cost calculator
£238,000 Shared Ownership Resale Full price £595,000
Estimated monthly cost £2,185
£

How is this calculated?

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