Drummmond House - NH31

Overground Woolwich Arsenal (0.32 km) Plumstead (0.97 km) Underground Woolwich Arsenal (0.32 km)...
Register interest
from £133,000 with min. deposit £13,300Overview
Fourth Floor one-bedroom home in the London borough of Greenwich for £133,000 (35%) share price of £380,000 full market price), available through Shared Ownership.
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SPECIFICATION
Ground Floor
Entryphone system to Communal Lobby.
Second secure door to Communal Hallway,
Passenger Lift and Stairwell.
Fourth floor
Bedroom. Reception/Kitchen.
Hallway. Bathroom with WC.
External
Balcony accessed from Reception room
GIA
54 sq. m
Accessibility rating
A
EPC rating
B
Length of lease
121 Years
Borough
Greenwich
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ELIGIBILITY
You will need to be earning a guidance income of at least £41,654. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,300Total approximate savings required £17,300.
Important borough specific eligibility criteria
Greenwich
Priority will go to applicants with a connection to the borough of Greenwich, however all applicants can apply.
Applicants must be earning under £90,000 to be eligible for one, two- and three-bedroom apartments.
If you are an existing homeowner, we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to need housing by your local council.
Monthly Fees
*Monthly Mortgage: £672.70
Monthly Rent: £399.76
Service Charge: £83.43
Estimated Total (per month): £1,155.89 excluding council tax
*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
FAQs
You can read more on the Help to Buy FAQ
Read more about eligibility in the FAQ