1 bedroom apartment for sale

Available

Embassy Court, Welling High Street, DA16 1AB

£115,000 · Shared Ownership Resale

Share percentage 50%, full price £230,000, £11,500 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£115,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £230,000, £11,500 Min Deposit.

Monthly Cost: £1,078
Rent £237, Service charge £257, Mortgage £584*

Calculated using a representative rate of 4.64%

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Available through our resale shared ownership scheme, a second floor, one-bedroom apartment in Welling.

Description

The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, one bedroom, bathroom with shower over bath and hallway storage cupboard.

The property also benefits from access to a communal garden and communal parking.

Lease: Commenced 2011 with 130-year term

Council Tax Band: Bexley Council - C

Gross Internal Area: 533sq.ft.

FINANCIAL INFORMATION

Property Value = £230,000

Percentage Share = 50%

Share Price = £115,000

*Monthly Rent = £237.47

*Monthly Service Charge = £257.25

**Monthly Mortgage Payment = £667

***Annual Household Income = £40,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6.0%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

Key Features
  • With so many amenities right outside your front door, Embassy Court gives you an exciting opportunity to live in a popular location with impeccable style. Local shopping and leisure facilities are just a few steps away, and if you decide to eat in or entertain in your apartment, a Tesco supermarket has been developed on the site.
  • Welling offers plenty of shops to cater for your everyday consumer needs and Bexleyheath is only a short distance away providing a range of well-known High Street names, fashionable stores and a monthly farmers’ market.
  • The discerning retail therapist need look no further than Bluewater, the largest shopping centre in the south of England, which is 10 miles away by road via the A2.
  • Nearby Blackheath and Greenwich are both bustling vibrant localities, giving you interesting independent boutiques and a thriving café society to enjoy at your leisure. Here you will find so many restaurants, delis and cafés that you really will be spoilt for choice. Or you can soak up the atmosphere at their famous markets boasting a selection of delicious fresh Kent produce and quirky arts and antiques.
  • If you’re in the mood for the great outdoors, the beautiful Danson Park is only a short walk or bus ride from your apartment. This stunning landscape includes a lake for boating and water sports or, if you’d rather keep dry, you can enjoy an extensive range of activities including tennis and football, cycling and a trim trail. Home to many festivals, events and concerts, Danson Park is a gem waiting to be discovered.
  • Fitness fans will find Crook Log Leisure Centre is less than a mile away with its light and modern 25m swimming pool, fitness studio, sports hall and therapy zone.
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Welling (0.50 miles) Bexleyheath (0.95 miles) Falconwood (1.43 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£115,000
Shared Ownership Resale
Estimated Monthly Cost:£1,078
Rent £237
Service Charge £257
Mortgage £584

Share percentage 50%, full price £230,000, £11,500 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.