A light and spacious two-bedroom, 5th floor apartment in Cutty Sark, London, available through our resale shared ownership scheme.

  

Property description:

The dual-aspect, wrap around balcony provides sunlight throughout the day. The open plan kitchen/ living room has floor to ceiling windows which provides lots of natural light. There is a family bathroom which has a rainfall shower-over-bath.

 

Each room is large and well proportioned, which creates ample living space. The property comprises a communal and wheelchair accessible entrance, entry system, lift access, concierge, with underground, fob-access allocated parking and bike storage.

 

Lease: Commenced 2013 with 125-year term

Council Tax Band: Greenwich Council – D

Approx. Gross Internal Area: 710.4sq.ft.

 

LOCAL AREA INFORMATION

·        The property is 20 second walk to the Thames riverside, as well as being located 5 minutes from Greenwich Town Centre, Greenwich Royal Park and Greenwich Market (which has food and crafts stalls every weekend). It's also close by to the vibrant area of Deptford with a huge variety of bars and restaurants and an alternative market and vibe.

·        In the prestigious New Capital Quay development, there is a Waitrose on the doorstep as well as the Little Elms Nursery, a gym, a dentist, and restaurants including The Sail Loft and The Oyster Catcher.

·        There is an abundance of local schools nearby and a thriving community.

·        The property has great connections into central London; it is 5 minutes from Cutty Sark DLR as well as Greenwich National Rail and Thameslink, which connects directly with London Bridge and the city. Also close to the Thames Clipper at Greenwich Pier.

·        Bus links to North Greenwich, Lewisham, Surrey Quays, Bermondsey and Central London just steps away make this apartment even more well connected.

 

FINANCIAL INFORMATION

Property Value = £540,000

Percentage Share = 35%

Share Price = £189,000

*Monthly Rent = £624.36

*Monthly Service Charge = £279.90

**Monthly Mortgage Payment = £966.00

***Annual Household Income = £72,000

 

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

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.

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

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