1 bedroom apartment for sale
Sir Walter Raleigh Court, SE10 0FD
Share percentage 25%, full price £325,000, £8,125 Min Deposit.
Share percentage 25%, full price £325,000, £8,125 Min Deposit
Monthly Cost: £1,209
Rent £511,
Service charge £288,
Mortgage £410*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Allocated parking, communal garden with tennis court and cycle store.
Description
SHARED OWNERSHIP
Full Market Value: £325,000
Share Value (25%): £81,250
Monthly Rent: £510.96
Service Charge: £288.33
Water: £28.16
Council Tax Band: C
125 year lease commenced August 2010 - 112 years remaining
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This apartment is located a short walk from Greenwich town centre. Greenwich has an array of restaurants, brasseries, bars and boutiques.
The surrounding area is steeped in history with the Royal Greenwich Park just minutes away. Greenwich Park is a fantastic place to see the views of London from the Royal Observatory, take the kids to the swing park and boating lake, go for a leisurely stroll through the flower gardens or see the enclosed deer park.
Maze Hill mainline station is within a 10 minute walk, and with the Cutty Sark DLR and North Greenwich Jubilee Line nearby, there are great connections to Central London.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £46,000. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of September 2024.
Key Features
- Living area open plan to kitchen with door to terrace
- Kitchen fitted with beech effect wall and base units and black marble effect worktops. Integrated stainless steel electric oven, hob and extractor fan plus spaces for fridge/freezer and washer/dryer
- Two double bedrooms, one with fitted wardrobe
- Bathroom fitted with a white suite, shower over bath and glass shower screen
- Storage cupboards to hallway
- Communal garden with tennis court/cycle store
- Audio and video entry phones
Particulars
Tenure: Leasehold
Lease Length: 112 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £325,000, £8,125 Min Deposit. Calculated using a representative rate of 4.59%
