3 bedroom apartment for sale
Little Cottage Place, SE10 9LF
Share percentage 35%, full price £510,000, £17,850 Min Deposit.
Share percentage 35%, full price £510,000, £17,850 Min Deposit.
Monthly Cost: £1,979
Rent £820,
Service charge £253,
Mortgage £906*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
L&Q welcome you to view this three bedroom, first floor apartment
Description
SHARED OWNERSHIP
Full market value: £510,000
You pay (35%): £178,500
Monthly rent:: £867.56
Monthly service charge: £274.85
Ground rent: £0
Council Tax Band: C
125year lease commenced in November 2006 - 108years remaining
EWS1 - New 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.
This property is situated close to the centre of Greenwich, where you can find lots of great restaurants, bars and cafes (many of which sit near the River Thames) boutique shopping, the famous Greenwich market, fabulous history including the Old Royal Naval College, great museums and of course the stunning Greenwich park with its spectacular views of London. Greenwich is well served by public transport. There are two rail stations Greenwich and Maze Hill, which serve central London, East London and parts of Kent. Greenwich and The Cutty Sark stations are part of the Docklands Light Railway (DLR) network.
To meet the requirements for this property we require as a guideline, a minimum household income of £76,044. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants 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 aproperty in one ofour schemes. In order to register, please visit our website www.lqhomes.com to register and 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 correctas of April 2024.
Key Features
- Open plan living area to kitchen with access to a private balcony
- Kitchen fitted with white wall and base units, black marble effect worktops, integrated oven, hob and extractor fan plus spaces for a fridge freezer and washing machine
- Three bedrooms, two of which are double with one benefitting from a fitted wardrobe
- Bathroom with separate WC, both fitted with white suites
- Storage cupboard to hallway
- Central heating system (not tested)
- Off street parking available
Particulars
Tenure: Leasehold
Lease Length: 108 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 35%, full price £510,000, £17,850 Min Deposit. Calculated using a representative rate of 4.64%
