2 bedroom apartment for sale
Octavia Apartments, SE17 1GX
Share percentage 25%, full price £720,000, £18,000 Min Deposit.
Share percentage 25%, full price £720,000, £18,000 Min Deposit.
Monthly Cost: £2,355
Rent £946,
Service charge £496,
Mortgage £913*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Long Lease Term - Excellent Transport Links - Private Balcony
Description
Shared Ownership
Full Market Value: £720,000
Share Value (25%): £180,000
Monthly Rent: £946.41
Service Charge:£496.03
Council Tax Band: E
250 year lease commenced January 2018 - 243 years remaining
EWS1 - This property has an EWS1 Certification available and is an A1 Rating.
L&Q welcomes you to view this two bedroom, sixth floor apartment.
Thisbright andspaciousapartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows which opens up onto a private balcony. The kitchen is fitted with matt beige wall and base units, with under-cupboard lighting, slate grey tile splashback, and a grey worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from a built-in wardrobe. Bright and airy second bedroom with floor-length windows. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional storage cupboards in hallway.
Already a lively London neighbourhood, Elephant & Castle offers all the convenience of a zone 1 location. Known affectionately to locals as 'The Elephant', the area has a rich history stretching back to medieval times - and much more to offer to its residents. Capturing the colour, flavour & energy of a place that was once known as the 'Piccadilly of the South', life at Elephant Park is all about great community, good living and finding a place that really feels like home. Situated in the heart of a prime Zone 1 location, L&Q at Elephant Park is a Londoner's dream. A five minute walk from the development is Elephant & Castle Underground station with direct connections to the West End or the City in a matter of minutes as well as a multitude of bus routes located around the development.
At the centre of the development is a new park. Elephant Park - a beautifully landscaped central London green space hosting various community events throughout the year. It also offers access to a buzzing restaurant scene that brings together diverse local cuisines from the far corners of the world.
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 £87,135. If you are offered the home, 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 www.lqhomes.comand 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 May 2024.
Key Features
- Private balcony with view of The Shard
- Within building warranty
- Good EPC rating - B
- Communal gardens
- Approx 0.3 miles from Elephant & Castle Station and Underground Station
- Additional storage cupboards to hallway
- Long lease term
- Entry phone system (not tested)
Particulars
Tenure: Leasehold
Lease Length: 243 years
Council Tax Band: E
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 25%, full price £720,000, £18,000 Min Deposit. Calculated using a representative rate of 4.64%
