2 bedroom apartment for sale
Sherard Road, SE9 6EX
Share percentage 75%, full price £340,000, £25,500 Min Deposit.
Share percentage 75%, full price £340,000, £25,500 Min Deposit
Monthly Cost: £1,745
Rent £181,
Service charge £277,
Mortgage £1,287*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Bright spacious apartment with large living area onto a private balcony, close to Eltham High Street. CHAIN FREE.
Description
SHARED OWNERSHIP
Full Market Value: £340,000
Share Value (75%): £255,000
Monthly Rent: £180.72
Service Charge: £277.08
Ground rent : £100 per annum
Council Tax Band: C
125 year lease commenced April 2017 - 117 years remaining
EWS1 certification is available for this property - B1 Rating
This larger than average bright apartment has a spacious living area opening on a private balcony. The kitchen features high gloss units with integrated appliances. There are two well-proportioned double bedrooms, one with a fitted wardrobe and a part tiled modern family bathroom.
This property benefits from a sinking/reserve 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
The apartment is situated in close proximity to the wealth of shops and cafes found on the nearby Eltham High Street. Also, Eltham Station is nearby for regular services into London Bridge and Charing Cross.
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 £63,823. 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 February 2025.
Key Features
- Close to Eltham High Street and amenities
- Good location
- Right to park in allocated bay
- Ample storage
- Communal gardens with play area
- Integrated appliances
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
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: Yes
Outside Space/Garden: n/a - Communal Garden
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 75%, full price £340,000, £25,500 Min Deposit. Calculated using a representative rate of 4.59%
