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Weston Point

Shared ownership

WESTON POINT, LONDON, SE18 6ZU

For sale
Shared ownership
Photo of Weston Point
Live from space album cover

from

£90,000

with min. deposit

£4,500

25% Share from
£90,000
Full market price
£360,000
Minimum deposit
£4,500
Monthly rent
£640
Monthly service charge
£142.5
Annual ground rent
£400

1 bedroom flat

***Please quote WES1102 when enquiring***

- What the owner says -

"Excellent central location with easy access to amenities such as Tesco, Marks & Spencer, Sainsbury's and a number of pubs, restaurants and cafes. The area benefits from recently opened Woolwich Works, which is described as London's new landmark creative district hosting theatre shows, dance, visual arts and events, with a discount for locals. 

Brilliantly connected, just walking distance to numerous transport links including National Rail, DLR, TfL River Boat and the newly opened Elizabeth line connecting Woolwich to popular stations such as Canary Wharf in just 8 minutes and …

Features

Communal Garden

Terrace

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area53
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years123
EER Current84

from

£90,000

with min. deposit

£4,500

25% Share from
£90,000
Full market price
£360,000
Minimum deposit
£4,500
Monthly rent
£640
Monthly service charge
£142.5
Annual ground rent
£400
Home Group Resales

Home Group Resales

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

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy 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.

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