2 bedroom apartment for sale
Vickers Court, Parish Lane, SE20 7HU
Share percentage 25%, full price £350,000, £8,750 Min Deposit.
Share percentage 25%, full price £350,000, £8,750 Min Deposit
Monthly Cost: £1,424
Rent £828,
Service charge £154,
Mortgage £442*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Spacious third floor apartment close to Cator Park.
Description
SHARED OWNERSHIP
Full market value: £350,000
You pay (25%): £87,500
Monthly rent:: £827.54
Monthly service charge: £154.34
Ground rent: £100
Council Tax Band: C
125 year lease commenced in December 2015 - 116 years remaining
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 spacious yet cosy 3rd floor apartment features double aspect crescent windows and architrave detailing. An east facing balcony accessed from the open plan kitchen and living room gives plenty of natural daylight. with long views over Beckenham and Sydenham local town and parks. Two generous bedrooms and a tiled bathroom with shower over the bath and extractor, complete the accommodation. The allocated parking and communal gardens are gated.
Close to local Cator Park & Alexandra Recreation ground, serviced by local high street amenities - library, supermarkets, coffee shops, local pubs and famous Alexandra Nurseries. Spa Beckenham Leisure centre 15 minutes walk away with further amenities on Beckenham high street including Odeon Cinema etc. The property is an 8 minute walk to Kent House station where south eastern railway gets into Victoria in 20 minutes. London Bridge from Clock house Station (15 minute walk). 10 minutes to Penge East and West Overground stations to East London. Alexandra Primary School is less than a mile away, and Harris Kent House approx 0.5 miles away.
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 £53,284. 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. 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 correct as of February 2025.
Key Features
- Gas central heating (not tested)
- Well maintained communal gardens
- Communal storage for bicycles and buggies
- Integrated oven/hob/extractor
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £350,000, £8,750 Min Deposit. Calculated using a representative rate of 4.59%