1 bedroom apartment for sale
Mandara Place, SE8 5ET
Share percentage 25%, full price £410,000, £10,250 Min Deposit.
Share percentage 25%, full price £410,000, £10,250 Min Deposit
Monthly Cost: £1,530
Rent £762,
Service charge £251,
Mortgage £517*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Long length of lease, Good EPC rating, Private roof terrace.
Description
Shared Ownership
Full Market Value: £410,000
Share Value (25%): £102,500
Monthly Rent: £761.64
Service Charge: £250.70
Council Tax Band: B
125 year lease commenced November 2014 - 114 years remaining
EWS1 - - EWS1 CERTIFICATION IS AVAILABLE FOR THIS BLOCK - A1 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.
L&Q welcomes you to view this one bedroom, fifth floor apartment.
This bright and stylish open plan apartment has the benefit of a private balcony where you an relax and entertain. There is also a spacious roof top terrace with outstanding views. The kitchen is fitted with modern white gloss wall and base units and contemporaty work-tops. There are integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher.
The bedrooms is spacious and full of natural light.. The stylish contemporary bathroom comes complete with a white three-piece suite with a shower over bath.
This apartment benefits from a sinking fund, which is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Mandara Place is in a fantastic location, with a variety of nearby shops, independent restaurants, and cafes. Surrey Quays Shopping Centre is just over a mile away, offering high street brands and a supermarket. Surrey Quays Overground station is just half a mile away, while Canada Water Overground and Underground stations are within a mile. The Thames Clipper service at Greenland Dock is also a short walk away, offering a scenic route along the river. Greenwich is a couple of miles away, providing an array of bars, restaurants, a cinema, markets, and more. Seven Islands Leisure Centre and Surrey Docks Fitness & Watersports Centres are within a short distance. The area also boasts beautiful green spaces like Southwark Park and Stave Hill Ecological Park.
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 £57,189. If you are offered the home, 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 May 2025.
Key Features
- Private Balcony.
- Long Length of Lease.
- Good EPC rating.
- Close to Local amenities.
- Roof terrace.
- Skyline views oof London.
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 - 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 £410,000, £10,250 Min Deposit. Calculated using a representative rate of 4.59%
