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£210,000
Unbeatable location - minutes from Welling High Street
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value: £300,000
Share Value (70%): £ 210,000
Monthly Rent: £ 189.71
Service Charge: £262.66
Ground Rent: £ 100 pa
Council Tax Band: C
125 year lease commenced April 2010 - 109 years remaining
EWS1 - Based on the findings of the intrusive inspection and alignment with RICS and government guidance, there is no requirement for an EWS1 form for the building. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This bright, airy and spacious two bedroom first floor apartment consists of a large open plan reception room, which naturally divides into three separate areas to accommodate the kitchen, dining and lounge, as well as priving a nook for a home office. The modern kitchen is fitted with white wall and base units, and a black marble effect worktops. The kitchen also benefits from an integrated oven, hob and extractor fan. There are two double bedrooms, each with small in-built storage cupboards.
This property benefits from a sinking fund. A sinking fund 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.
You are within walking distance to Welling train station and the area is serviced by multiple bus routes as well as being close to the High Street, where you'll find Tesco, Morrisons and Lidl as well as a host of independent shops, pubs and restaurants. Crook Log Leisure Centre - Welling's sports and pool complex is nearby and the property is within walking distance of Danson Park, with its historic house, boating lake, sports pitches, splash park and pub. For families, apart from several local nurseries and primary schools you are also close to Bexley Grammar School.
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 £52,565. 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 December 2025.
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