2 bedroom apartment for sale
Gala Court, DA8 1FE
Share percentage 35%, full price £310,000, £10,850 Min Deposit.
Share percentage 35%, full price £310,000, £10,850 Min Deposit.
Monthly Cost: £1,450
Rent £567,
Service charge £332,
Mortgage £551*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Two bed apartment with great views
Description
SHARED OWNERSHIP
Full market value -£310,000
You pay (35%) -£108,500
Monthly rent -£566.90
Monthly service charge -£332.27
Annual ground rent - £100
Council Tax Band: C
250 year lease commencedJune 2019 - 245years remaining
EWS1 certification is available for this property - B1 Rating
This well presented apartment is bright and spacious. The dual aspect open plan living area opens onto a private balcony with views across the Riverside Path and River Thames. The modern kitchen features integrated appliances. Two double bedrooms, the master with fitted wardrobes and a contemporary family bathroom complete the accommodation.
Located in the Erith Riverside development this modern apartment would make an ideal first time buy. A great location within walking distance of Erith Station, Town Centre, Erith sports/leisure centre and the Thames path. Easy access to the Elizabeth line with connections to central London and London Heathrow airport.
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 £54,229. 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 websitelqhomes.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 at May 2024.
Key Features
- Good transport links
- Long lease
- Electric heating
- Utility cupboard
Particulars
Tenure: Leasehold
Lease Length: 245 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 35%, full price £310,000, £10,850 Min Deposit. Calculated using a representative rate of 4.64%
