1 bedroom apartment for sale
Pepys Court, Love Lane, SE18 6GZ
Share percentage 25%, full price £260,000, £6,500 Min Deposit.
Share percentage 25%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £1,263
Rent £540,
Service charge £395,
Mortgage £328*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Our Winter Offer: A £1,000 Amazon voucher on completion!* One bedroom eleventh floor apartment in the centre of Woolwich.
Description
SHARED OWNERSHIP
Full Market Value: £260,000
Share Value (25%): £65,000
Monthly Rent: £ 539.58
Service Charge: £ 394.50
Ground Rent: £300.00 p.a.
125 year lease commenced December 2013 - 114 years remaining
EWS1 - None in place but remedial works are underway and a Letter of Assurance that there will be no cost to Leaseholders
For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*
A large entrance hall, with storage, leads to an open plan living area with double doors opening onto to a good-sized 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 bedroom, complete with fitted wardrobe, also has a door onto the balcony. A contemporary family bathroom completes the accommodation.
Woolwich town centre is a short walk away and nearby transport links include the 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. There are excellent mainline rail services and DLR and the Elizabeth Line, which connects Woolwich to Canary Wharf (8mins), Bond Street (21 mins) and Heathrow (47 mins). 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 £47,378. If you are offered the property, 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 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 September 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.
Key Features
- Great transport links
- Good location
- Communal paved courtyard
- Communal biomass heating and hot water system
- Ample storage
- Floor to ceiling windows
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
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 25%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 4.59%