A new pathway home with Share to Buy
|

1 bedroom apartment for sale

Available

Sir Francis Drake Court, SE10 0FF

£85,000 · Shared Ownership Resale

Share percentage 25%, full price £340,000, £8,500 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£85,000 Shared Ownership Resale

Share percentage 25%, full price £340,000, £8,500 Min Deposit

Monthly Cost: £1,373
Rent £626, Service charge £318, Mortgage £429*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

Communal bike store, underfloor heating. Close to the Thames towpath. Our Winter Offer: A £1,000 Amazon voucher on completion!*

Description

SHARED OWNERSHIP

Full Market Value: £340,000

Share Value (25%): £85,000

Monthly Rent: £626.31

Service Charge: £317.84

Council Tax Band: B

125 year lease commenced August 2010 - 110 years remaining

EWS1 Certification is available for this block - B1 rating

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

This spacious apartment features an open-plan kitchen and living area, a well-proportioned double bedroom, and a family bathroom. Additionally, there are three large storage cupboards to meet your needs. This south-facing apartment also enjoys abundant sunshine through its floor-to-ceiling windows. It has been recently renovated, with new carpets fitted throughout.

The apartment is located a short walk from Greenwich town centre. Greenwich has an array of restaurants, brasseries, bars and boutiques. Maze Hill mainline station is a short walk, away and with the Cutty Sark DLR and North Greenwich Jubilee Line nearby, there are great connections to Central London.

The surrounding area is steeped in history with the Royal Greenwich Park just minutes away. Greenwich Park is a fantastic place to see the views of London from the Royal Observatory, take the kids to the swing park and boating lake, go for a leisurely stroll through the flower gardens or see the enclosed deer park.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £51,635. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of February 2025.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.

Key Features
  • Excellent transport links
  • Communal underfloor heating system
  • Communal hot water system
  • Communal bike store
  • Ample storage
  • South facing
  • Recently renovated with new carpets fitted
Particulars

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

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Maze Hill (0.30 miles) Island Gardens (0.49 miles) Cutty Sark for Maritime Greenwich (0.60 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: n/a

Outside Space/Garden: n/a

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

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.

Read More Read Less
  • 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.

£85,000
Shared Ownership Resale
Estimated Monthly Cost:£1,373
Rent £626
Service Charge £318
Mortgage £429

Share percentage 25%, full price £340,000, £8,500 Min Deposit. Calculated using a representative rate of 4.59%


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.