2 bedroom apartment for sale
Concorde Way, SE16 2PY
Share percentage 35%, full price £490,000, £17,150 Min Deposit.
Share percentage 35%, full price £490,000, £17,150 Min Deposit.
Monthly Cost: £1,665
Rent £737,
Service charge £58,
Mortgage £870*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Private Balcony - Good EPC Rating - Range of Amenities Close By.
Description
Shared Ownership
Full Market Value: £490,000
Share Value (35%): £171,500
Monthly Rent: £736.76
Service Charge: £58.21 - increase from 1/4/24 tbc
Annual Ground Rent: N/A
Council Tax Band: B
99 year lease commenced April 2004 - 79 years remaining [You can extend the lease directly with L&Q. More details can be found on our Group website - www.lqgroup.org.uk/your-home/homeowners/your-lease/extending-your-lease]
EWS1 - There is an EWS1 certification available A1 Rating
L&Q welcomes you to view this two bedroom, seventh floor apartment.
Thisapartment consistsof astylishopen-plan kitchen and living area, leading to a private balcony. The kitchen is fitted with beech effect wall and base units, with a granite effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan. Two double bedrooms. The bathroom comes complete with a white three-piece suite with a shower over bath and a cream tile surround. Additional double storage cupboards in hallway.
Within a short walk is Surrey Quays shopping centre, which has a large Tesco superstore, as well as various useful day to day stores such as Boots, Superdrug and Starbucks. Surrey Docks Fitness and Water Sports Centre, Southwark Park, Deptford Park and Rotherhithe Ecological Park providing hours of fun for all the family in less than 10 mins from home. Amazing transport links within easy reach.
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 £62,215. 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 www.lqhomes.comand 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 February 2024.
Key Features
- Private balcony
- Good EPC Rating - C
- Short walk away from Southwark Park, with a cafe, gallery, playground and boating lake
- Approx. 0.3 miles to Surrey Quays Train Station
- Pets allowed
- Storage cupboards to hallway
- Approx. 0.3 miles away to Surrey Quays shopping centre, with restaurants, a cinema and bowling nearby
- Entry phone system (not tested)
Particulars
Tenure: Leasehold
Lease Length: 79 years
Council Tax Band: B
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 £490,000, £17,150 Min Deposit. Calculated using a representative rate of 4.64%
