1 bedroom apartment for sale

Shared Ownership

This superb modern home is available to buy from as little as £53,750 with a 25% share!

Discover a bright and contemporary seventh-floor apartment in the popular Phoenix Point development. This stylish home offers an appealing blend of modern design and comfortable living, featuring an impressive curved façade that floods the interior with natural light. The open-plan kitchen and reception room forms the heart of the property, providing an inviting space for relaxing, dining, and entertaining. Its unique shape and expansive windows create a wonderfully airy atmosphere, while the well-equipped kitchen is thoughtfully integrated for both practicality and sleek aesthetics. A private balcony extends the living space outdoors, offering a pleasant spot to unwind, enjoy a morning coffee, or take in the surrounding views. The generous bedroom continues the home’s contemporary feel, complemented by a well-appointed bathroom and useful storage areas off the hallway. Further benefits include a long lease and an allocated parking space.

Situated in a vibrant and well-connected pocket of SE28, this home benefits from an excellent array of local amenities, including nearby supermarkets, cafés, neighbourhood shops, and scenic riverside walks. The area is well served by green open spaces, making it ideal for outdoor leisure and weekend relaxation. Transport links are highly convenient, with regular bus services providing swift access to Woolwich, where the Elizabeth Line, DLR, and National Rail services offer fast connections into Canary Wharf, The City, and central London. Road links toward the A206 and the wider South East make commuting and travel straightforward, while the growing regeneration of the surrounding area continues to enhance both lifestyle and investment appeal.

PRICING & AFFORDABILITY

Full Market Value: £215,000

25% Share Price: £53,750 (rent £581 pcm)
Minimum 5% Mortgage Deposit (25% share): £2687.50
Approximate Service Charges: £140 pcm*
Lease: 110 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

* This home can also be purchased outright (100% of the value) which is £215,000 and a purchaser would not need to meet the eligibility criteria listed above.