3 bedroom house for sale
Strata Road, DA8 1FL
Share percentage 70%, full price £500,000, £35,000 Min Deposit.
Share percentage 70%, full price £500,000, £35,000 Min Deposit
Monthly Cost: £2,272
Rent £397,
Service charge £108,
Mortgage £1,767*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Our Winter Offer: A £1,000 Ikea voucher on completion*. Allocated parking space, en-suite to master, roof terrace, long lease.
Description
Shared Ownership
Full Market Value: £490,000
Share Value (70%): £343,000
Monthly Rent: £396.80
Service Charge: £107.67
Council Tax Band: D
999-year lease commenced October 2018 - 993 years remaining
EWS1 -N/A House
For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this property*
L&Q welcomes you to view this three-bedroom house.
This three storey, three bedroom house consists of a bright and airy kitchen diner, flooded with natural light from large floor length doors. The kitchen is fitted with white wall and base units, complete with a wood effect worktop. Also benefitting from integrated appliances including a fridge freezer, oven, electric hob, extractor fan and dishwasher. Three spacious main double bedrooms. The main bedroom benefitting from en-suite with shower, built-in storage cupboards and terrace to both front and rear of the property. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Allocated parking space.
Located a short walk away from Erith Station and a 10-minute car ride from Abbey Wood station provides great connectivity to the City and London Heathrow Airport. Abbey Wood Station boasts the efficient Elizabeth Line getting into London Liverpool Street in just 18 minutes. Local shops and amenities are close by, further afield you have Bluewater Shopping Centre, just a 20 minute drive away.
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 £83,720 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.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 December 2024.
*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, 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 or L&Q 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 resales shared ownership property.
Key Features
- Allocated parking space
- En suite to main bedroom
- Good EPC rating
- Long term lease
- Rear garden area
- Roof terrace from main bedroom
- Great transport links
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 70%, full price £500,000, £35,000 Min Deposit. Calculated using a representative rate of 4.59%