Barracouta House, 1 Black Prince Street, Plumstead, London, SE18 2AF

Available for resale shared ownership an extremely new and spacious first floor, one-bedroom apartment in the vibrant and convenient area of Plumstead, London and close to amenities.

  

Property description:

The property comprises of a bright secure communal entrance with phone entry system, lift access, open plan living/dining room area, large balcony, modern fitted kitchen with inbuilt oven & hob, large double bedroom, bathroom with shower over bath, double glazing throughout, and generous storage space.

The property also benefits from access to a communal courtyard and allocated, off-street parking with fob entry system.

 

Length of Lease: Approx. 119 Years

Council Tax Band: Greenwich – Band B

Gross Internal Area: 51m2

 

LOCAL AREA INFORMATION

• Kings Highway is easily accessible by road and rail and has excellent links to the major rail networks and motorways.

• Plumstead is the nearest railway station, which is a 25-minute walk or a 10-minute bus ride away via the 96 or 422 bus routes also Welling station is 17 minutes away via bus.

• Woolwich DLR/Train station is a 10-minute drive from the development which offers great links into central London & Crossrail is due to open in Woolwich & Abbey Wood station.

•Timbercroft Primary School – 0.5 miles, Bannockburn Primary School – 0.6 miles, Plumstead Manor School – 0.7 miles, Willow Dean School- 0.7 miles, Westfield Shopping Centre- 10 miles, Bluewater Shopping Centre- 11.5 miles

 

FINANCIAL INFORMATION

Property Value = £240,000

Percentage Share = 40%

Share Price = £96,000

Monthly Rent = £288.05 £from 1st April 2021) *

Monthly Service Charge = £91.01 (from 1st April 2021) *

Monthly Mortgage Payment = £480 **

Annual Household Income = £29,000 ***

 

*Please note the rent and service charge is reviewed annually on the 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair 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.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed.  If you have a Help to Buy reference number, we will accept this as well.

 

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