2 bedroom apartment for sale
Hargood House, 7 Norway Street, SE10 9FG
Share percentage 60%, full price £490,000, £29,400 Min Deposit.
Share percentage 60%, full price £490,000, £29,400 Min Deposit.
Monthly Cost: £2,157
Rent £393,
Service charge £280,
Mortgage £1,484*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a sixth floor, two-bedroom apartment in Greenwich.
Description
This top floor apartment enjoys views of the Cutty Sark and the Old Royal Naval College. The building comprises a wheelchair accessible communal entrance with entry system and lift access. The property has an open plan kitchen and living room, kitchen with integrated appliances, two bedrooms (the master bedroom with built-in wardrobes), a family bathroom with shower over bath and walk-in hallway storage.
The property also benefits from access to allocated secure parking.
EWS1 available
Lease: Commenced 2015 with 125-year term
Council Tax Band: Greenwich Council - D
Approx. Gross Internal Area: 754sq.ft.
FINANCIAL INFORMATION
Property Value = £490,000
Percentage Share = 60%
Share Price = £294,000
*Monthly Rent = £393.48
*Monthly Service Charge = £279.90
**Monthly Mortgage Payment = £1,502
***Annual Household Income = £86,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- The property is a 20 second walk to the Thames riverside, as well as being 5 minutes from Greenwich Town Centre, Royal Greenwich Park and the historic Greenwich Market (which has food and crafts stalls every weekend). It is also close to the vibrant area of Deptford with a variety of bustly bars and restaurants.
- Situated in the prestigious New Capital Quay development, there is a Waitrose on the doorstep as well as the Little Elms Nursery, a dentist, and restaurants including The Sail Loft and The Oyster Catcher with views of the river.
- There is an abundance of local schools and nurseries nearby and a thriving community.
- The property has fantastic travel connections into central London; it is a 5-minute walk to the Cutty Sark DLR as well as Greenwich National Rail and Thameslink, which connect directly to London Bridge, The City and Canary Wharf. Also close by is the Thames Clipper at Greenwich Pier.
- Bus links to North Greenwich, Lewisham, Surrey Quays, Bermondsey and Central London just steps away make this apartment even more well connected.
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: D
Property Downloads
Floor Plan 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 60%, full price £490,000, £29,400 Min Deposit. Calculated using a representative rate of 4.59%
