2 bedroom apartment for sale
Babbage Point, 20 Norman Road, SE10 9FA
Share percentage 30%, full price £500,000, £15,000 Min Deposit.
Share percentage 30%, full price £500,000, £15,000 Min Deposit.
Monthly Cost: £1,731
Rent £695,
Service charge £275,
Mortgage £761*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
2-bedroom apartment with lift access, private balcony and underfloor heating is available in Greenwich
Description
Property reference number: 1639356
Babbage Point is a second-floor, 2-bedroom apartment with underfloor heating, a private balcony. Time remaining on the lease is 115 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 second 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, gas hob, cooker hood and fridge-freezer and dishwasher
- Communal bike storage
What happens after I register my interest?
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: 115 Years
- Annual ground rent amount: £0,00
- Ground rent review period: Only applicable upon final staircasing
- Annual service charge amount: £3,304.92
- Service charge review period: 1st April annually
- Council tax band: Band C
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Energy CertificateMap
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 30%, full price £500,000, £15,000 Min Deposit. Calculated using a representative rate of 4.64%
