Brooklyn Building

1 bedroom homes in Greenwich, Greenwich, SE10 8GA

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £119,000 for 35% share
Full price from £340,000
Min deposit from £11,900
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

The Brooklyn Building property is a 1st floor purpose-built, fully self-contained flat in a six storey block of similar flats, built in approximately 2012 as part of the Deals Gateway development of 17 blocks. The remaining lease on the property is 110 years.

Local area information

There are good transport links with Deptford Bridge station 0.2 miles away, served by Docklands Light Railway linking to Canary Wharf and Lewisham Station both great spots for shopping, restaurants and bars.

Local amenities are located right next to the development along Blackheath Hill. For leisure and enjoyment, Broadway Fields is 0.2 miles away and Brookmill Park is 0.4 miles away. Venture further afield to the centre of Greenwich or Deptford High Street for popular bars, cafes, shops and restaurants.

Nearest DLR station: Deptford Bridge (Zone 2).

Nearest Station: St Johns (London), Deptford Station and Greenwich – National Rail.

Bus routes nearby: Bus routes 53, 177, 453 & N89 from Deptford Bridge Station (stop T).

Status Plot No. Floor Beds Min share price Eligibility
Available 107 First 1 £119,000 View details

FAQ's

Min share price from: £119,000 for a 35% share
Full price from: £340,000
Minimum deposit from: £11,900
Monthly rent from: £254
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £119,000 for a 35% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Brooklyn Building

1 bedroom homes in Greenwich, Greenwich, SE10 8GA

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £119,000 for 35% share
Full price from £340,000
Min deposit from £11,900
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes