2 bedroom apartment for sale
Drummond House,, 11 Victory Parade, Plumstead Road, SE18 6FW
Share percentage 40%, full price £475,000, £19,000 Min Deposit.
Share percentage 40%, full price £475,000, £19,000 Min Deposit.
Monthly Cost: £1,579
Rent £290,
Service charge £330,
Mortgage £959*
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 £51,607. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,000.Total approximate savings required £23,000.
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
Two bedroom 3rd floor apartment in the London borough of Greenwich available through Shared Ownership. 40% share at £190,000 with full market price of £475,000.
Description
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.
Ground Floor
Entryphone system to Communal Lobby.
Second secure door to Communal Hallway.
Passenger Lift and Stairwell.
3rd Floor
Entrance hallway
Reception room with open plan kitchen
Bedroom one
Bedroom two
Bathroom with W/C
External
Balcony
Communal Garden
Admin Fee for Shared Ownership
£13.50
GIA
62 sq.m
Length of lease
116 years remaining
Key Features
The subject property is within a short distance of the nearest DLR and Main line rail stations; Woolwich Arsenal with Crossrail Elizabeth Line Woolwich station also within close proximity.
The property is within a short distance of the local shopping and recreational facilities within the area and the river Thames
Local Transport:
Overground
Woolwich Arsenal (0.32 km)
Plumstead (0.97 km)
Underground
Woolwich Arsenal (0.32 km)
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 40%, full price £475,000, £19,000 Min Deposit. Calculated using a representative rate of 4.59%
