Share Price £262,500 (from 50% Min. Share)

Full Value £525,000 | £26,250 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom apartment in Lewisham

place Thurston Road, SE13 7JG

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L&Q Shared Ownership - three bedroom, eighth floor/top floor apartment at Thurston Point


Eligibility

L&Q SHARED OWNERSHIP


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 £71,959. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note; 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. Please ensure to keep a record of your unique registration number. Please follow this link to register with us https://so.landqforms.org.uk/ci

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.


Description

Full market value


£525,000


You pay (50%)

£262,500

Monthly rent:

£427.38

Monthly service charge

£170.99

Annual ground rent

£100

125 year lease commenced in November 2015

Local Information:

Located within the borough of Lewisham, an area well connected to the rest of London, the apartments are within close proximity of characterful pubs, cafés and restaurants, which boast a varied range of tasty cuisines, as well as within walking distance to the award-winning Brockley Farmers Market. Also conveniently located in close proximity to a large supermarket, local gym, yoga studio, beautician and trendy barber. The property is within the catchment area of five primary schools with OFSTED rating ‘Outstanding’ and thirteen primary schools with OFSTED rating ‘Good’

Transport:

Thurston Point is just a short walk from Lewisham station. Ideally located for the city commute. The DLR runs directly to Canary Wharf and Bank, whilst mainline trains regularly service London Bridge, Charing Cross, London Victoria and Cannon Street stations. TfL are in consideration to extend the Bakerloo line to service Lewisham within the next ten years.

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 atAugust 2018.


Key Features

Lounge/diner open plan to kitchen.
Kitchen, fitted with gloss ivory units and black marble effect work surfaces. Integrated oven, hob and fridge freezer, washing machine and incorporated dish-washer.
Three double bedrooms, master bedroom has an en-suite.
Separate family bathroom/W.C. fitted with white suite. Shower over bath and glass shower screen. Heated chrome towel warmer and large mirror above basin.
Communal Heating System and under floor heating (not tested).
Double glazing.
Entry phone system.
Private balcony accessed from lounge area, and separate private balcony accessed from bedroom.
Communal Gardens.
Allocated parking space in secured garage.


Download Documents

Energy Certificate

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 262,500
Min. £262,500
Share percentage
Min. 50%
Your deposit
Min. £26,250
Monthly cost*
£1,588
Cost breakdown
£428
Rent
£171
Service charge
£989
Mortgage*
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.