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Abbey Place

Shared ownership

123 Felixstowe Road, Greenwich, SE2 9NU

For salenew home
Shared ownership
Photo of Abbey Place
Live from space album cover
  • from

    £105,000

    2 bedroom

from

£105,000

with min. deposit

£5,250

Countrywide

£105,000

2 bedroom flat

Availability

For sale

Minimum share

25%

Full market price

£420,000

Deposit from

£5,250

Monthly rent

£721

Monthly service charge

£168.77

Annual ground rent

£0

Reservation fee

£500

Administration fee

£0

Bedrooms

2

Bathrooms

2

Reception rooms

1

Furniture status

unfurnished

Number of floors

1

Entrance floor

Ground floor

Tenure

leasehold

Lease years

250

Council Tax Band

N/A

Property features

BalconyPets allowedCommunal Garden

Overview

Abbey Place: Affordable London Living with Elizabeth Line on your doorstep.

Designed to be a forerunner for future residential development in the area, Abbey Place is a duo of contemporary 13 storey and 21 storey residential buildings. Created to evoke a sense of place, to compliment Abbey Wood's new Crossrail station and public realm.

How much will this cost?

You can buy shares as low as 25% at Abbey Place. Below is a breakdown of how much The Canary will cost at different values.

Full Market Cost: £420,000

25% Share - £105,000

Rent - £721.88

5% Deposit - £5,250

50% Share - £210,000

Rent - £481.25

5% Deposit - £10,500

75% Share - £315,000

Rent - £240.63

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

from

£105,000

with min. deposit

£5,250

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