2 bedroom house for sale
Loampit Road, DA8 1FL
Share percentage 50%, full price £365,000, £18,250 Min Deposit.
Share percentage 50%, full price £365,000, £18,250 Min Deposit
Monthly Cost: £1,539
Rent £507,
Service charge £111,
Mortgage £921*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Unique upside down maisonette with a large garden and a covred patio
Description
SHARED OWNERSHIP
Full Market Value - £365,000
You Pay (50%) - £182,500
Monthly Rent - £506.85
Service Charge - £110.87
Annual Ground Rent - N/A
125 year lease commenced Octobr 2017 - 117 years remaining
Council Tax Band : C
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.
Enter this maisonette on the ground floor. An open plan living area including a contemporary kitchen with integrated appliances, opens onto a private decked garden with a large covered store. There is also a cloakroom at this level. Take a few steps downstairs to two double bedrooms, the master with ensuite shower and built-in storage, and a family bathroom. Both bedrooms open onto a private covered courtyard, which in turn gives access to the car park. This home also benefits from incredible storage options.
The Quarry is not only an impressive Eco Development breathing new life into DA8, but is also winner of "Best Large Development Awards 2022". As well as educational & community spaces which encourage nature and build on the ecology of the site, it is located just 30 minutes by train from Erith station to Central London and easily accessible via the Elizabeth line from Abbey Wood and Woolwich stations. There is a brand new Sainsbury's Local now open on-site and the new Limewood Primary School.
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 £57,882. 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 of March 2025.
Key Features
- Allocated parking with electric car charging point
- Underfloor heating by heat pump
- 30 minute commute into Central London
- Private garden plus covered courtyard
- Upside down living
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
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: Yes - Allocated
Outside Space/Garden: Yes - Private Garden
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 50%, full price £365,000, £18,250 Min Deposit. Calculated using a representative rate of 4.59%