2 bedroom apartment for sale
Embassy Court, Welling High Street, DA16 1AB
Share percentage 40%, full price £285,000, £11,400 Min Deposit.
Share percentage 40%, full price £285,000, £11,400 Min Deposit.
Monthly Cost: £1,254
Rent £407,
Service charge £271,
Mortgage £576*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a fourth floor, two-bedroom apartment in Welling.
Description
The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, private balcony, two bedrooms, family bathroom with shower over bath and hallway storage.
The property also benefits from access to a communal roof terrace and allocated parking.
Lease: Commenced 2011 with 130-year term
Council Tax Band: Bexley Council - C
Approx. Gross Internal Area: 666sq.ft.
FINANCIAL INFORMATION
Property Value = £285,000
Percentage Share = 40%
Share Price = £114,000
*Monthly Rent = £406.86
*Monthly Service Charge = £271.26
*Please note the rent and service charge is reviewed annually 01 April.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes, and may be required to carry out a shared ownership affordability assessment.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- Welling High Street offers plenty of shops, bars and restaurants to cater for your everyday needs and there is a Tesco Superstore on the ground floor of the development.
- Bexleyheath is a short distance away providing a range of well-known High Street names, fashionable stores and a monthly farmers’ market. Broadway Shopping Centre and Bluewater Shopping Centre are all in proximity.
- The location is convenient for commuters with Welling station connecting to London in 30-minutes and it’s a short bus route to the London Underground, DLR and Elizabeth Line. The A2 also provides easy access to the motorway network.
- For open green space head to Danson Park and for your fitness and health the Crook Log Leisure Centre is just under a mile away.
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
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 40%, full price £285,000, £11,400 Min Deposit. Calculated using a representative rate of 4.59%
