2 bedroom apartment for sale
The Quarry, Erith - Plot 258 - SO, DA8 1FH
Share percentage 25%, full price £340,000, £8,500 Min Deposit.
Share percentage 25%, full price £340,000, £8,500 Min Deposit
Monthly Cost: £1,013
Rent £584,
Mortgage £429*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Just launched - 1 & 2 bedroom Shared Ownership apartments - contact our sales team to book your appointment!
Description
Plot 258
Just launched - 1 & 2 bedroom Shared Ownership apartments - contact our sales team to book your appointment!
What is Shared Ownership?
Shared Ownership allows you to buy a home, in an affordable way, in the area you know and love. It allows you to buy a share of your home - between 25% and 75%, with as little as a 5% deposit. You pay a mortgage on the share you own and rent the remaining share at a subsidised rate. You can increase your share in your home and staircase up to a larger share, and eventually full ownership.
The Quarry, Erith
The Quarry is a truly impressive eco-development set to breathe new life into the disused Erith Quarry site which has been neglected for the past 40 years, and will be transformed into a collection of new brand new homes. Located in Erith, The Quarry will become a commuter's paradise, located just over 30 minutes by train from central London and easily accessible via the Elizabeth line from Abbey Wood and Woolwich stations.
The Quarry is a bold new vision for what urban living can look like. A one-of-a-kind urban village, where everything here has been designed around the things that make people happy and lives fulfilled.
*Imagery depicts typical L&Q show home photography and specification may differ in our upcoming release. CGIs for illustrative purposes only. Floor plans depict typical 1 and 2 bedroom apartment layouts and are awaiting full sign off. Shared Ownership terms and conditions apply. Please visit lqhomes.com/sharedownership for more information.
Register your interest today!
Key Features
- Future village green for local residents & nature reserve on-site
- Walking distance to Erith Railway station
- Allocated residents' parking included with most homes
- Private outdoor space to every apartment
- Brand new Lime Wood Primary School on-site
- Tranquil setting with Central London accessible within 35 minutes via the Elizabeth Line
- Erith Leisure centre is just 15 minutes walk away
- On-site Sainsbury's Local now open
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanVideo 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
Outside Space/Garden: n/a - 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 £340,000, £8,500 Min Deposit. Calculated using a representative rate of 4.59%
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