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1 bedroom apartment for sale

Available

Galingale Court, 12 Thames Reach, SE28 0FQ

£65,000 · Shared Ownership Resale

Share percentage 25%, full price £260,000, £6,500 Min Deposit.

Available

1 bedroom

Floor plan

£65,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £260,000, £6,500 Min Deposit.

Monthly Cost: £1,107
Rent £610, Service charge £169, Mortgage £328*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

Deposit Min £6,500 £

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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.

Summary

Fantastic 1-bedroom apartment with private balcony in Plumstead, SE28.

Description

Property Reference Number: 1639399

This 1-bedroom home is situated a 17-minute walk from Plumstead station, servicing the Thameslink and Southeastern trains. The property boasts a communal garden, private balcony, secured bike storage, and underfloor heating.

The kitchen has integrated Zanussi appliances including a fridge freezer, washer/dryer, electric hob, and oven, and the bedroom has fitted wardrobes.

The local area is host to a fantastic mixture of amenities including Tesco Express, NHS Health Centre, and Pharmacy, as well as a selection of restaurants in Thamesmean Retail Park which is a 2-minute bus ride away. Gallions Park playground and lake are a short walk away providing some green serene

The O2, IKEA, and Greenwich Peninsular retail park, and Queen Elizabeth hospital can be reached directly by bus from Galingale Court.

Transport links:

- Trains: Plumstead (0.7 miles), Woolwich (1.3 miles), Woolwich Arsenal (1.4 miles)

- Bus routes: 472, 244, 380

Airport connections:

- Heathrow Airport - Direct in 45 mins from Woolwich Elizabeth Line
- City Airport - A couple of stops on the DLR
- Luton Airport - Direct on the Thameslink Rail service from Plumstead Station

Key features:

- Nursery on the development

- Private balcony

- Communal garden with playground and ping pong table

- Free off-street parking nearby

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: 120 years (Payable only once staircase to 100% ownership)
Annual ground rent amount: £300.00
Ground rent review period: Every 12 years
Annual service charge amount: £2,029.68
Service charge review period: Annually
Council tax band: B
*Financial information correct as of 16.07.24

Particulars

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

Property Downloads

Floor Plan Energy Certificate

Map

Plumstead (0.66 miles) Gallions Reach (1.08 miles) Woolwich Arsenal (1.09 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.

£65,000

Shared Ownership Resale

Estimated Monthly Cost:£1,107

Rent £610

Service Charge £169

Mortgage £328

Share percentage 25%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 4.59%

Your Deposit Min £6,500 £

Peabody New Homes

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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.