1 bedroom apartment for sale
11 Victory Parade,, Plumstead Road,, SE18 6FW
Share percentage 35%, full price £360,000, £12,600 Min Deposit.
Share percentage 35%, full price £360,000, £12,600 Min Deposit.
Monthly Cost: £1,394
Rent £508,
Service charge £250,
Mortgage £636*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £45,700. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,600.Total approximate savings required £16,600.
All London applicants will be considered, with priority given to Greenwich applicants
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
One bedroom, 2nd floor apartment in the London borough of Greenwich available through Shared Ownership. 35% Share at £126,000. Full Market price £360,000
Description
Description
Ground Floor
Entryphone system to Communal Lobby.
Second secure door to Communal Hallway.
Passenger Lift and Stairwell.
Second Floor
Entrance hallway
Reception room with open plan kitchen
Bedroom
Bathroom with W/C
External
Balcony accessed from Reception room.
Communal Garden
GIA
53 sq.m
Length of lease
114 Years
Key Features
We are delighted to offer this well maintained one bedroom 2nd floor apartment within the prestigious Royal Arsenal Riverside development with excellent transport links which include Woolwich Arsenal DLR/BR station (0.3 miles), Woolwich Thames Clipper (0.4 miles) and Woolwich Ferry South Pier (0.8 miles).
Drummond House is well located for access to the onsite facilities found within Royal Arsenal Riverside and the Residents further benefit from the 24 hour concierge service.
The property is also located within 0.2 miles of the Woolwich Elizabeth Line Station
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: Not specified
Map
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 35%, full price £360,000, £12,600 Min Deposit. Calculated using a representative rate of 4.59%
