1 bedroom apartment for sale
Osier House, Quebec Way, SE16 7ER
Share percentage 25%, full price £425,000, £10,625 Min Deposit.
Share percentage 25%, full price £425,000, £10,625 Min Deposit.
Monthly Cost: £1,496
Rent £600,
Service charge £357,
Mortgage £539*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Modern apartment in Quebec Quarter
Description
SHARED OWNERSHIP
Full Market Value - £425,000
You Pay (25%) - £106,250
Monthly Rent - £600.59
Service Charge - £356.50
Annual Ground Rent - £100.00
125year lease commenced on28/11/2016- 119years remaining
EWS1 certification is available for this block - B1 rating
Quebec Quarter is situated on the historic site of London's Surrey Docks. Since the docks closed, the area has become one of central London's most appealing residential areas, offering rapid access to the whole of the Capital, as well as a distinctive neighbourhood identity that strongly reflects its maritime heritage.
In contrast to its leafy, suburban feel and woodland setting, Quebec Quarter is located just 10 minutes walk to Canada Water town centre and Jubilee Line services. Canada Water boasts a thriving local community with a mix of independent and chain shops, restaurants and coffee shops surrounding the beautiful Canada Water basin and its distinctive waterways, with central London locations including Canary Wharf and London Bridge accessible in under 5 minutes, and West End shopping at Bond Street in just 12 minutes.
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 £55,897. 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 the property for 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 at February 2024.
Key Features
- Two hall storage cupboards
- Communal heating system
- Right to park in allocated bay
- Communal gardens
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 25%, full price £425,000, £10,625 Min Deposit. Calculated using a representative rate of 4.64%
