2 bedroom apartment for sale
Lacewood Apartments, Timberyard Street, SE8 3JZ
Share percentage 25%, full price £525,000, £13,125 Min Deposit.
Share percentage 25%, full price £525,000, £13,125 Min Deposit.
Monthly Cost: £1,815
Rent £800,
Service charge £352,
Mortgage £663*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Purpose built apartment close to Pepys Park Our Winter Offer: A £1,000 Ikea voucher on completion*
Description
SHARED OWNERSHIP
Full market value: £525,000
You pay (25%): £131,250
Monthly rent: £799.97
Monthly service charge: £352.29
Council Tax Band: D
250 year lease commenced August 2017 - 242 years remaining
EWS1 certification available - A2 Rating
L&Q welcomes you to view this two bedroom, second floor apartment.
This apartment consistsof agenerousdual aspect open-plan kitchen and living area, flooded with natural light from wide floor-length windows with both a Juliette balcony and a private balcony. The kitchen is fitted with grey wall and base units, with under-cupboard lighting, and a grey worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. There are two double bedrooms, the master benefitting from an en-suitewith showerand built-in storage cupboards. A contemporary family bathroom completes the accommodation.
Deptford Landings is a modern residential development rising between Deptford and Surrey Quays stations, a stroll from the Thames, a stone's throw from Pepys Park and a short walk from the large Deptford Park.
Situated just 0.7miles from Deptford Rail Station and Surrey Quays Station which are serviced by Thameslink and Southeastern lines and Overground lines respectively. South Bermondsey is a little over a mile away for all Southern Line services. It is also well connected with the south London's bicycle network. Both less than a mile away, Surrey Quays shopping centre and Deptford High Street provide a Tesco Extra, high street shops and restaurants, plus a cinema and bowling alley.
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 £67,591. 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.comand 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 January 2025.
*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
- Good EPC Rating - B
- Long Lease Term
- Private Balcony
- Bicycle storage
- Communal heating
- Pets may be allowed under Licence
Particulars
Tenure: Leasehold
Lease Length: 242 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 £525,000, £13,125 Min Deposit. Calculated using a representative rate of 4.59%