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£118,750
Spacious apartment in prime location
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: £475,000
Share Value (25%): £118,750
Monthly Rent: £513.48
Service Charge: £431.76
Council Tax Band: D
250 year lease commenced October 2018 - 242 years remaining
EWS1 Certification is available for this property - B1 rating
This stylish apartment with partialskyline views centres around a larger than average dual aspect open plan reception room opening onto a square corner balcony. the modern kitchen includes fully integrated appliances. The generous double bedroom comes with a fitted wardrobe and the accommodation is completed with a contemporary bathroom.
Elephant Park is ideally located in a historic area with and established local community, a short distance away from Elephant and Castle station. There is easy and fast access to the City via the Bakerloo line, bus, trains including Thameslink and good connections to major stations (Waterloo, London Bridge) . There is also acces to the Cycle superhighways.
At the centre of the development is a new park. Elephant Park - a beautifully landscaped central London green space hosting various community events throughout the year. It also offers access to a buzzing restaurant scene that brings together diverse local cuisines from the far corners of the world.
Local amenities also include major supermarkets, independent shops and local street markets. There are several local gyms and for less strenuous excercise, a tennis club and the open spaces of Elephant Springs and Burgess 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 £54,107. 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 http://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 at December 2025.
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