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1 bedroom apartment for sale

Available

Merbury Close, Greenwich, SE28 0LU

£70,000 · Shared Ownership Resale

Share percentage 35%, full price £200,000, £7,000 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£70,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 35%, full price £200,000, £7,000 Min Deposit.

Monthly Cost: £1,095
Rent £569, Service charge £173, Mortgage £353*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Summary

A 1-bedroom flat with private parking, integrated appliances is available now in Greenwich

Description
Property reference number: 1639055

Strand House is a 1-bedroom, first floor apartment in an apartment block located at West Thamesmead, Greenwich.
 
There are good transport links with Plumstead Station served by National Rail. Local buses serve the area and provide links to Central London.
 
For leisure and enjoyment, Gallions Park is within walking distance, perfect for dog walks, jobs or reconnecting with nature. There are multiple bars, restaurants and cafes in the local area. You will find access to the riverside walkways, stores and doctor surgeries. The flat is also close to several schools.
  • Nearest station: Plumstead Station - Thameslink and Southeastern
  • Bus routes nearby: 244, 380
 
Key features
  • Car parking space
  • Integrated kitchen appliances
  • Communal garden
  • Proximity to London City airport
     
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, please contact [email protected]  and our team will be able to help you.
 
What is Resale 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: 105 years
  • Annual ground rent amount: £120
  • Ground rent review period: 25 years
  • Monthly service charge amount: £173
  • Service charge review period: Annually
  • Council tax band: B
 
*Financial information correct as of 28.05.2024
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B

Property Downloads
Floor Plan Energy Certificate
Map
Plumstead (0.75 miles) Gallions Reach (0.80 miles) King George V (0.98 miles)
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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 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.

£70,000
Shared Ownership Resale
Estimated Monthly Cost:£1,095
Rent £569
Service Charge £173
Mortgage £353

Share percentage 35%, full price £200,000, £7,000 Min Deposit. Calculated using a representative rate of 4.59%

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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.