2 bedroom apartment for sale
Pepys Court, SE18 6GZ
Share percentage 70%, full price £375,000, £26,250 Min Deposit.
Share percentage 70%, full price £375,000, £26,250 Min Deposit.
Monthly Cost: £2,040
Rent £321,
Service charge £394,
Mortgage £1,325*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Private Covered Balcony, Good Transport Links, Good EPC Rating, Communal Gardens, 24 hour Concierge.
Description
Shared Ownership
Full Market Value: £375,000
Share Value (70%): £262,500
Monthly Rent: £321.18
Service Charge: £394.50
Council Tax Band: D
125 year lease commenced December 2013 - 114 years remaining
EWS1 - New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
L&Q welcomes you to view this two bedroom, sixteenth floor apartment.
A large entrance hall, with storage, leads to an open plan living area with a single large door opening onto to a good-sized covered balcony. The kitchen, fitted with high gloss wall and base units, includes integrated oven hob, extractor fan and fridge/freezer, with space for a washing machine/dishwasher. The first bedroom, complete with fitted wardrobe, has a door onto the covered balcony. A second bedroom also has a door onto the covered balcony. A contemporary family bathroom completes the accommodation. The property has the benefit of fantastic views of the River Thames.
Woolwich town centre is a short walk away and nearby transport links include the newly opened Elizabeth line, DLR and mainline station and the Thames Clipper boat service. The nearby Royal Arsenal development also is home to some fabulous bars and restaurants. Already home to excellent mainline rail services and DLR, Woolwich's Elizabeth Line is now open. This connects Woolwich to Canary Wharf (8mins), Bond Street (21mins) and Heathrow (47mins). Together with the redevelopment of the Royal Arsenal along the south bank of the River Thames, Woolwich has fast become a sought after urban centre. Plumstead offers a greener setting, with coffee shops, restaurants, local supermarkets, and the vast commons providing a perfect backdrop to some stunning period properties.
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 £76,325. 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 September 2024.
Key Features
- Long Term Lease
- Good EPC Rating
- Good Transport Links
- Private Covered Balcony
- Communal Gardens
- 24 Hour Concierge
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 - Private Balcony
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 £375,000, £26,250 Min Deposit. Calculated using a representative rate of 4.59%
