1 bedroom apartment for sale
Embassy Court, Welling High Street, DA16 1AB
Share percentage 40%, full price £210,000, £8,400 Min Deposit.
Share percentage 40%, full price £210,000, £8,400 Min Deposit.
Monthly Cost: £998
Rent £301,
Service charge £271,
Mortgage £426*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
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 ground floor, one-bedroom apartment in Welling.
Description
Available through our resale shared ownership scheme, a ground floor, one-bedroom apartment in Welling.
Property description:
The property comprises a wheelchair accessible, communal entrance with entry system, lift access, open plan kitchen with integrated and standalone appliances, one bedroom, bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a communal garden and first come, first serve parking.
Lease: Commenced 2011 with 130-year term
Council Tax Band: Bexley Council - B
Gross Internal Area: 570.4sq.ft.
FINANCIAL INFORMATION
Property Value = £210,000
Percentage Share = 40%
Share Price = £84,000
*Monthly Rent = £301.17
*Monthly Service Charge = £271.26
**Monthly Mortgage Payment = £429.00
***Annual Household Income = £34,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***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
- Welling is conveniently placed for commuters with a mainline station connecting to London in just 30 minutes. The area has good connections to TFL services such as the London Underground, DLR and Elizabeth Line, all just a short bus ride away.
- For those travelling by road the A2/M2 is just a few miles away providing routes to the motorway networks, London and the major airports.
- A Tesco store can be accessed via Welling High Street and forms the whole of the ground floor of the development.
- Tesco (basement) car parking is accessed via Welling High Street and Hyde (mezzanine) parking is accessed via Marwood Close.
- 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. Bluewater, the largest shopping centre in the south of England, is 10 miles away by road via the A2.
Particulars
Tenure: Leasehold
Lease Length: 112 years
Council Tax Band: B
Property Downloads
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 40%, full price £210,000, £8,400 Min Deposit. Calculated using a representative rate of 4.64%
