2 bed Flat For Sale £195,000
at Swansea Court, Newham, London E16

This fantastic property is ideally situated in North Woolwich in the borough of Newham a short walk from King George V DLR station.

With its charming riverside setting, residents can enjoy a peaceful environment while benefiting from easy access into Central London making it an appealing choice for those seeking a quieter, yet well-connected place to live.

Nearest stations: King George V DLR (0.5 miles), Woolwich (1.7 miles), Woolwich Arsenal (1.7 miles), 

Bus routes nearby: 474, 262, 101, 473, 366, N551

The property comprises:

• Entrance: Hallway with phone entry system. Wooden flooring. 
• Living room: Spacious living area with lots of natural light through floor-to-ceiling windows with views of the communal garden. Wooden flooring.
• Kitchen: White wooden wall units with a tiles splashback. Freestanding Samsung appliances. Grey liner flooring.
• Bedroom 1: Double bedroom with city view. Brown carpet flooring.
• Bedroom 2: Double bedroom with city view. Brown carpet flooring.
• Bathroom: White suite comprising panelled bath with shower head over bath, WC and hand washbasin with mirror and light. Partial tiling around the bath. Grey liner flooring.
• Outside: Communal garden.

What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a 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, please contact [use Contact Agent Button] and our team will be able to help you.

What is Resale Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, 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 homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 

This home is a fixed Shared Ownership property with no provision to staircase beyond the current 65%.

Financial information

Tenure: Leasehold
Remaining lease term: 165 years
Annual ground rent amount: £0
Ground rent review period: No ground rent
Annual service charge amount: £1,981.90
Service charge review period: Annually
Council tax band: C

*Financial information correct as of 05.10.2023