1 bedroom apartment for sale
Lacewood Apartments, Timberyard Street, SE8 3JZ
Share percentage 50%, full price £390,000, £19,500 Min Deposit.
Share percentage 50%, full price £390,000, £19,500 Min Deposit
Monthly Cost: £1,811
Rent £575,
Service charge £252,
Mortgage £984*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Apartment in development with great community feel
Description
SHARED OWNERSHIP
Full market value: £390,000
You pay (50%): £195,000
Monthly rent: £574.58
Monthly service charge: £252.48
Council Tax Band: C
250 year lease commenced August 2017 - 242 years remaining
EWS1 certification available A2 Rating
This bright stylish south west facing apartment consists of a well proportioned open-plan living area, flooded with natural light from wide floor-length windows with a door leading to private balcony. The kitchen is fitted with grey wall and base units, with under-cupboard lighting, and a grey worktop and benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. The bedroom has built in storage and the apartment is completed by a contemporary family bathroom.
Deptford Landings is a modern residential development rising between Deptford and Surrey Quays stations. Lacewood Apartments is situated just a short walk from either Surrey Quays overground (Thamses Link and South Eastern) or Canada Water(Jubilee line). It is also well connected with the south London bicycle network - just 15 minutes to London Bridge or 30 minutes to Soho.
Pepys Park is just over the road and Deptford Park just a few minutes away. A short stroll takes you to the banks of the Thames. Both less than a mile away, Surrey Quays shopping centre and Deptford high street provide a Tesco Extra, high street shops and restaurants. A new Asda supermarket is opening soon on the development
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 £67,756. 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.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
- Good EPC Rating - B
- Long Lease Term
- Private Balcony
- Bicycle storage
- Communal underfloor heating
- Pets may be allowed under Licence
Particulars
Tenure: Leasehold
Lease Length: 242 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: 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 50%, full price £390,000, £19,500 Min Deposit. Calculated using a representative rate of 4.59%
