Mandara Place, SE8 5ET

Shared Ownership

Full Market Value: £375,000

Share Value (35%): £131,250

Monthly Rent: £712.62

Service Charge: £280.96

Ground Rent: £100.00 PA

Council Tax Band: B

125 year lease commenced November 2014 - 115 years remaining

EWS1 - EWS1 certification is available for this property - A1 Rating

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

L&Q welcomes you to view this one bedroom, first floor apartment.

Thisbright andspaciousone bedroom apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to private balcony. The kitchen is fitted with white gloss wall and base units, and a dark wood effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from built-in storage wardrobes. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Comes with mirrored cupboards and heated towel rail. Additional double storage cupboards in hallway.

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

Mandara Place is located in a modern development with nearby shops, local independent restaurants and cafes offering quality dining. Surrey Quays Shopping Centre is within 1.1 miles providing a variety of high street shops and a supermarket.

Greenwich is within 2 miles, offering a number of bars, restaurants, cinema, market and much more. If you like to keep fit then both Seven Islands Leisure Centre is within 1 mile and Surrey Docks Fitness & Watersports Centre is within 0.2 miles. The area boasts numerous green spaces including Southwark Park and Stave Hill Ecological Park.

Surrey Quays Overground station is within 0.7 miles and Canada Water Overground and Underground station is within 1.5 miles. Greenland Dock is a short walk for the Thames Clipper service.

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 £61,872. 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.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.