1 bed flat for sale

Barracouta House, Plumstead, London SE18

Bright and modern one bedroom apartment now available in London, through Shared Ownership.

The property features an entrance hallway, reception room, kitchen, one bedroom and one bathroom.

The property offers residents a private balcony, storage and parking.

So Resi are marketing this property for sale on behalf of the landlord, M&G UK Shared Ownership Limited.

All enquiries will be initially assessed by So Resi to confirm eligibility. Should you wish to proceed with the purchase, you will be required to complete an affordability assessment.

Information on the criteria and requirements for shared ownership can be found here:

Shared Ownership Eligibility & Affordability Criteria

For the purposes of processing and progressing your application, your personal data may be shared with M&G UK Shared Ownership Limited, Pinnacle Group and the existing shared owner in accordance with our Privacy Policy.

If you would like a copy of our Privacy Policy, please refer to so Resi Privacy Policy or contact us directly.

Available for £90,000 for 40% share based on the marketing figure of £225,000.

Monthly rent - £419.5
Monthly Service Charge - £253.95
Total Monthly Charge - £673.45 plus mortgage required for 40% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

Location

The property is positioned in a well-connected residential area of Plumstead, close to the amenities of both Plumstead and Woolwich. Residents benefit from a variety of local shops, cafés, restaurants, supermarkets, healthcare facilities and leisure amenities, all within a short walk or drive. The area also offers access to nearby parks and open spaces, while the thriving Woolwich town centre provides a wider selection of retail, dining and entertainment options.

The property is close to transport links, with Plumstead Station approximately 15 minutes' walk away and Woolwich station reachable in around 20 minutes on foot. From Woolwich, the Elizabeth Line provides fast connections to Canary Wharf in around 10 minutes, Liverpool Street in approximately 20 minutes and the West End in around 25 minutes. Regular bus services operate locally, and convenient access to major road networks ensures straightforward travel across South East London and beyond.

EPC rating

Energy rating band - B

Environmental rating band - B

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by so Resi and mtvh

You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.