1 bedroom apartment for sale
Elder House, SE16 7ES
Share percentage 35%, full price £480,000, £16,800 Min Deposit.
Share percentage 35%, full price £480,000, £16,800 Min Deposit
Monthly Cost: £1,809
Rent £623,
Service charge £338,
Mortgage £848*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
First floor apartment with private balcony, just a stone's throw from Canada Water Station.
Description
SHARED OWNERSHIP
Full Market Value - £480,000
You Pay (35%) - £168,000
Monthly Rent - £649.03
Service Charge - £365.36
Annual Ground Rent - £100.00
Council Tax Band - D
250 year lease commenced in February 2018 - 242 years remaining
EWS1 CERTIFICATION IS AVAILABLE FOR THIS BLOCK - B1/B2 RATING- We are now working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.
This larger than average one bedroom apartment offers a spacious open plan living area opening onto a good sized private balcony. The kitchen comprises high gloss units and fully integrated appliances. A double bedroom, with mirrored wardrobes and a contemporary family bathroom complete the accommodation along with a large walk-in store accessed from the hallway.
Elder House is ideally situated within a 'stone's throw' from Canada Water Station which provides services into a multitude of London stations in as little as 6 minutes. The local area is home to an abundance of amenities, including restaurants at nearby Surrey Quays Shopping Centre. Both Canada Water & Surrey Quays stations are an approximate 10-minute walk away, providing easy access to the overground and jubilee lines. Popular local schools include Alfred Salter Primary School & Bacon's College both rated 'Good' by Ofsted.
Quebec Quarter is home to a large ecological park and the development is surrounded by greenery. Just a short walk away is the Thames Path giving access to the River and Greenland Pier.
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 £69,473. 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.com and 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 2025.
Key Features
- Great location
- Close to local amenities
- Long lease
- Communal underfloor heating
- Well kept communal grounds including secure bike storage
- Caretakers on site
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
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: n/a
Outside Space/Garden: Yes - Communal Garden
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 35%, full price £480,000, £16,800 Min Deposit. Calculated using a representative rate of 4.59%
