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2 bedroom apartment for sale

Available

Vickers Court, Parish Lane, SE20 7HU

£87,500 · Shared Ownership Resale

Share percentage 25%, full price £350,000, £8,750 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£87,500 Shared Ownership Resale

Share percentage 25%, full price £350,000, £8,750 Min Deposit.

Monthly Cost: £1,628
Rent £994, Service charge £192, Mortgage £442*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

Our Winter Offer: A £1,000 Ikea voucher on completion*. Spacious third floor apartment close to Cator Park.

Description

SHARED OWNERSHIP

Full market value: £350,000

You pay (25%): £87,500

Monthly rent:: £993.95

Monthly service charge: £192.07

Ground rent: £100

Council Tax Band: C

125year lease commenced in December 2015 - 116years remaining

For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this apartment*

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.

This spacious yet cosy 3rd floor apartment features double aspect crescent windows and architrave detailing. An east facing balcony accessed from the open plan kitchen and living room gives plenty of natural daylight. with long views over Beckenham and Sydenham local town and parks. Two generous bedrooms and a tiled bathroom with shower over the bath and extractor, complete the accommodation. The allocated parking and communal gardens are gated.

Close to local Cator Park & Alexandra Recreation ground, serviced by local high street amenities - library, supermarkets, coffee shops, local pubs and famous Alexandra Nurseries. Spa Beckenham Leisure centre 15 minutes walk away with further amenities on Beckenham high street including Odeon Cinema etc. The property is an 8 minute walk to Kent House station where south eastern railway gets into Victoria in 20 minutes. London Bridge from Clock house Station (15 minute walk). 10 minutes to Penge East and West Overground stations to East London. Alexandra Primary School is less than a mile away, and Harris Kent House approx 0.5 miles 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 £53,576. 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 www.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 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
  • Gas central heating (not tested)
  • Well maintained communal gardens
  • Communal storage for bicycles and buggies
  • Integrated oven/hob/extractor
Particulars

Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/11/28/674841d25d515-1219117.mp4
Map
Kent House (0.17 miles) Penge East (0.46 miles) Clock House (0.53 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: Yes - Allocated

Outside Space/Garden: Yes - 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

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£87,500
Shared Ownership Resale
Estimated Monthly Cost:£1,628
Rent £994
Service Charge £192
Mortgage £442

Share percentage 25%, full price £350,000, £8,750 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.