Available through our resale shared ownership scheme, a second floor, two-bedroom apartment in Thamesmead.

  

Property description:

The property comprises a communal entrance with entry system, kitchen and reception, Juliette balcony, two bedrooms, family bathroom with shower over bath and hallway storage cupboard. 

The property also benefits from access to a communal garden and allocated parking.

Lease: Commenced 2005 with 125-year term

Council Tax Band: Greenwich Council – C

Approx. Gross Internal Area: 614sq.ft.

LOCAL AREA INFORMATION

  • Located approximately within ten to fifteen-minute walk are many bus and train services. Woolwich Arsenal DLR provides connections into the City and Stratford via London City airport, and Plumstead and Woolwich Arsenal National Rail stations provide access to Thameslink services and an alternative route into the city. The new Elizabeth Line provides quick access into Central London and the Thames Clipper boat services can be accessed from the nearby Woolwich Arsenal pier.  
  • The nearby Thames Path provides walking, running and cycling routes into Greenwich, Erith and beyond, and local green spaces such as Plumstead Common, Lessness Abbey, Danson Park, Greenwich Park and Blackheath are all accessible.
  • The Royal Arsenal development already provides a small selection of local pubs, shops and a café, with the Woolwich Works project hoping to expand what is on offer locally, creating theatres, dance studios and places to eat. Local services on, or near, the development include nurseries, a pharmacy, GP surgery and also OFSTED rated good and outstanding schools.

FINANCIAL INFORMATION

Property Value = £305,000

Percentage Share = 40%

Share Price = £122,000

*Monthly Rent = £490.20

*Monthly Service Charge = £176.12

**Monthly Mortgage Payment = £741

***Annual Household Income = £50,000

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

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6.5%.

***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 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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