1 bedroom apartment for sale
Canada Court, 109 Brookhill Road, SE18 6BJ
Share percentage 35%, full price £270,000, £9,450 Min Deposit.
Share percentage 35%, full price £270,000, £9,450 Min Deposit
Monthly Cost: £1,095
Rent £473,
Service charge £145,
Mortgage £477*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
Summary
One Bedroom Apartment Available On Shared Ownership in Woolwich
Description
This modern and well-presented one-bedroom apartment offers contemporary living in the heart of vibrant Woolwich. Situated on a well-maintained development, it features a spacious open-plan living and kitchen area with integrated appliances, a comfortable bedroom, and plenty of storage options. The apartment is perfect for first-time buyers seeking a stylish and conveniently located home.
Key Features:
- One double bedroom
- Open-plan living area with fitted kitchen
- Built-in oven, hob, and extractor fan
- Two built-in storage cupboards in the hallway
- Modern bathroom with tiled flooring
- Laminate flooring in living room and hallway, carpet in bedroom, and tiled bathroom
- Electric heating system
- Audio door entry system for added security
Additional Information:
Council Tax Band: C
Leasehold tenure: 117 Years remaining on the lease
Location:
Canada Court is ideally situated close to Woolwich town centre, offering easy access to local shops, cafes, and amenities. Excellent transport links, including Woolwich Arsenal station (National Rail and DLR), and the Elizabeth Line, making it an attractive option for commuting professionals.
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Property Downloads
Energy CertificateMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: Yes
Parking: Yes - Permit
Outside Space/Garden: n/a
Year property was built: 2010
Unit size: 46.2 m2
Communal lift: Yes
Accessible measures: Enquire with provider
Flooded within the last 5 years: No
Listed property: No
Heating: Enquire with provider
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: Enquire with provider
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 £270,000, £9,450 Min Deposit. Calculated using a representative rate of 4.59%
