SHARED OWNERSHIP

Strand House - 2 Bed

SHARED OWNERSHIP

Strand House - 2 Bed

Register interest

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

Strand House is a two-bedroom property located on the fourth floor in a four-storey apartment block, built around 2003. The remaining time on the lease is 110 years and its approximate size is 72sq. meters.

There are good transport links with Woolwich Arsenal and Plumstead Stations 1 mile away, served by National Rail and DLR linking to London Bridge in 23 minutes. Local buses serve the area and the buses link to Central London.

Local amenities are located 0.3 miles away along Battery Road. For leisure and enjoyment, Bars and Restaurants are within 0.3 miles.

  • Nearest Station: Woolwich Arsenal Station (Thameslink / Southeastern) Woolwich Arsenal DLR Station & Plumstead Station (Thameslink and Southeastern)
  • Bus routes nearby: Bus routes 244, 380, 51, 53, 54, 291, 386, 658.

The property located on the fourth floor comprises:

  • Entrance: Hallway with entry phone system
  • Living room: Spacious lounge with lots of natural light and patiodoors to balcony. Wooden laminated flooring.
  • Kitchen: Light brownwall units with grey worktop and tiled splashback. Integrated stainless-steel oven, hob, cooked hood. Linoleum flooring.
  • Bedroom One: Double bedroom. Wooden laminated flooring.
  • Bedroom Two: Double bedroom. Wooden laminated flooring.
  • Bathroom: White suite comprising panelled bath with shower head, WC and hand washbasin with shelving. Linoleum flooring.
  • Outside: Large river view balcony, allocated parking space, secure cycle storage and communal garden.

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
  • Original Lease Term: 125 Years
  • Remaining Lease Term: 107 Years
  • Annual ground rent amount:
    • Years 1-25: £150
  • Ground rent review period: N/A
  • Annual service charge amount: £TBC
  • Service charge review period: Annual
  • Council tax band: Band C

Financials*

Full Value

£275,000

Share Price

£110,000

Share Value

40%

Monthly Cost

£1,274

Monthly Mortgage

£446

Monthly Rent

£563

Monthly Service Charge

£265

Minimum Household Income

£44,500

Maximum Household Income

£90,000

Deposit Required

£11,000

*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

Strand House, Merbury Close, Greenwich, Greenwich, SE28 0LU Open in Google Maps

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Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

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.