2 bedroom apartment for sale
The Quarry, Erith - 2 Bedroom SO, DA8 1FH
Share percentage 25%, full price £328,500, £8,213 Min Deposit.
Share percentage 25%, full price £328,500, £8,213 Min Deposit
Monthly Cost: £980
Rent £565,
Mortgage £415*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
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Description
Launching this Spring - a brand new collection of 1 & 2 bedroom Shared Ownership apartments at The Quarry, Erith. Register your interest today to be the first to hear about pricing and launch information!
What is Shared Ownership?
Shared Ownership allows you to buy a home, in an affordable way, in the area you know and love. It allows you to buy a share of your home - between 25% and 75%, with as little as a 5% deposit. You pay a mortgage on the share you own and rent the remaining share at a subsidised rate. You can increase your share in your home and staircase up to a larger share, and eventually full ownership.
The Quarry, Erith
The Quarry is a truly impressive eco-development set to breathe new life into the disused Erith Quarry site which has been neglected for the past 40 years, and will be transformed into a collection of new brand new homes. Located in Erith, The Quarry will become a commuter's paradise, located just over 30 minutes by train from central London and easily accessible via the Elizabeth line from Abbey Wood and Woolwich stations.
The Quarry is a bold new vision for what urban living can look like. A one-of-a-kind urban village, where everything here has been designed around the things that make people happy and lives fulfilled.
*Imagery depicts typical L&Q show home photography and specification may differ in our upcoming release. CGIs for illustrative purposes only. Floor plans depict typical 1 and 2 bedroom apartment layouts and are awaiting full sign off. Shared Ownership terms and conditions apply. Please visit lqhomes.com/sharedownership for more information.
Register your interest today!
Key Features
- Future village green for local residents & nature reserve on-site
- Walking distance to Erith Railway station
- Allocated residents' parking included with most homes
- Private outdoor space to every apartment
- Brand new Lime Wood Primary School on-site
- Tranquil setting with Central London accessible within 35 minutes via the Elizabeth Line
- Erith Leisure centre is just 15 minutes walk away
- On-site Sainsbury's Local now open
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanVideo 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 - 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 25%, full price £328,500, £8,213 Min Deposit. Calculated using a representative rate of 4.59%
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