2 bedroom apartment for sale
Laurel Apartments, SE17 1HG
Share percentage 30%, full price £480,000, £14,400 Min Deposit.
Share percentage 30%, full price £480,000, £14,400 Min Deposit.
Monthly Cost: £1,564
Rent £585,
Service charge £252,
Mortgage £727*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Two bedroom flat with private balcony, close to local amenities and public transport. Long term term.
Description
Shared Ownership
Full Market Value: £480,000
Share Value (30%): £144,000
Monthly Rent: £584.96
Service Charge: £251.51
Council Tax Band: D
990 year lease commenced October 2022 - 987 years remaining
EWS1 - form is available for the property - B1 rating
L&Q welcomes you to view this two bedroom, 5th floor apartment.
This modern two apartment, which benefits from its own private balcony which has stunning views of the London Skyline. The property comprises a large hallway leading into the main reception area and kitchen with doors onto the private balcony. The kitchen is modern with wood effect units. The two double bedrooms are spacious.
Situated just off New Kent Road this apartment is well served with public transport with Borough and Elephant and Castle stations being just a mile away and with extensive local bus links into central London. London's famous East Street and Borough Markets and the more recently established Mercato Metropolitano are also just a short distance away. The property is also moments from the Elephant and Castle regeneration area which forms one of Europe's largest regeneration zones.
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 £58,588. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants 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 aproperty in one ofour schemes. In order to register, please visit our website lqhomes.com to register and 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 correctas of November 2024 .
Key Features
- Private Balcony
- Good length of lease
- Good EPC rating
- Close to local amenities
- Close to Public Transport
Particulars
Tenure: Leasehold
Lease Length: 987 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 30%, full price £480,000, £14,400 Min Deposit. Calculated using a representative rate of 4.59%
