SHARED OWNERSHIP

Babbage Point - Greenwich - Third Floor

SHARED OWNERSHIP

Babbage Point - Greenwich - Third Floor

Register interest

Once you have registered your interest, you will receive an email to book your viewing.

Babbage Point is a third floor, three-bedroom apartment with underfloor heating, private balcony and ensuite, situated in a seven storey modern development built in 2014. The approximate size of the property is 88 sq. m. and the time remaining on the lease is 117 years.

There are good transport links with Greenwich Station less than three minutes away.

A great selection of amenities are located within a 5 minute walk. A range of shops, fine bars and restaurants are located within close proximity of the property. For leisure, Greenwich Park is within walking distance.

  • Nearest Station: Greenwich Station

The property located on the third floor comprises:

  • Entrance: Hallway with built-in airing cupboard and video entry phone system.
  • Living Room: Spacious lounge with lots of natural light and patio door to a spacious balcony with river view. Laminate light oak effect flooring.
  • Kitchen: High-gloss stone grey units with Ipanema white worktop and tiled splashback. Integrated appliances in very good condition stainless steel oven, hob, cooker hood, washing machine and fridge-freezer and dishwasher. Laminate light oak effect flooring.
  • Bedroom one: Double bedroom. Wool mix carpeted flooring.
  • Bedroom two: Double bedroom. Wool mix carpeted flooring.
  • Bedroom three: Double bedroom. Wool mix carpeted flooring.
  • Bathroom: White suite with back-to-wall WC with concealed cistern, hand basin and bath, glass screen, Hansgrohe chrome single lever basin mixer tap, Hansgrohe shower over bath  Light beige floor and wall tiles, chrome heated towel rail, glass fronted mirror cabinet.
  • Bathroom Two: Additional two-piece suite containing Toilet, Handbasin and cloakroom storage. Light beige floor and wall tiles. 
  • Outside: Private balcony with access via the lounge, secure cycle storage, communal garden and roof terrace located on the sixth floor

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact peabody.resales@peabody.org.uk and our team will be able to help you

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Remaining Lease Term: 117 Years
  • Annual ground rent amount: £0,00
  • Ground rent review period: Only applicable upon final staircasing
  • Annual service charge amount: £2,323.80
  • Service charge review period: 1st April annually
  • Council tax band: Band C

Floorplan

floorplan

Financials*

Full Value

£700,000

Share Price

£280,000

Share Value

40%

Monthly Cost

£1,943

Monthly Mortgage

£1,135

Monthly Rent

£614

Monthly Service Charge

£194

Minimum Household Income

£73,000

Maximum Household Income

£90,000

Deposit Required

£28,000

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody sales team for more details.

Location

Babbage Point, 20 Norman Road, London, Greenwich, SE10 9FA Open in Google Maps

map

Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

EPC

Virtual Tour

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

Before submitting your details, please read the terms and conditions, and read how we will use your personal information as described in the privacy policy.