2 bedroom apartment for sale
Chaplin House, DA14 6DZ
Share percentage 45%, full price £310,000, £13,950 Min Deposit.
Share percentage 45%, full price £310,000, £13,950 Min Deposit.
Monthly Cost: £1,393
Rent £520,
Service charge £169,
Mortgage £704*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Two bedroom purpose built apartment in gated development
Description
SHARED OWNERSHIP
Full market value - £310,000
You pay (45%) - £139,500
Monthly Rent - £519.53
Monthly Service Charge - £168.87
Annual Ground Rent - £ 0
990 year lease commenced in September 2004 (969 years remaining)
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.
All rooms open off a spacious entrance hall, in which there is a large storage cupboard. There are two equally sized double bedrooms, one having useful fitted storage. A well proportioned dual aspect reception room opens onto a private balcony large enough for dining. There is a separate kitchen fitted with a range of Beech wall and base units, with an integrated oven, hob and extractor and spaces for white goods. A tiled family bathroom completes the accommodation.
Conveniently located close to Sidcup's bustling high street, residents have easy access to a range of shops, cafes, restaurants, and other essential amenities. The nearby train station also provides excellent transport links for commuters.
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 £52,413. 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 at December 2024.
Key Features
- Good location
- Close to local amenities
- Long lease
- Pet friendly
- Long lease
- Gated car park
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 45%, full price £310,000, £13,950 Min Deposit. Calculated using a representative rate of 4.59%