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£128,250
Modern apartment, suit sharers or families
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: £285,000
Share Value (45%): £128,250
Monthly Rent: £507.44
Service Charge: £170.64
Ground Rent: £100
Council Tax Band: B
125 year lease commenced March 2017 - 116 years remaining
EWS1 Certification - currently unknown - waiting confirmation
Enter this stylish south facing apartment via a entrance hall with three storage cupboards. There are two well proportioned double bedrooms, the master with built in wardrobe and benefit of an en-suite shower room. A contemporary family bathroom serves the second bedroom. A generous plan living area, with room for a dining table opens onto a wraparound corner balcony for relaxing or entertaining. The modern kichen incorporates integrated appliances.
This block 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.
The property is located within the popular Academy Central Development off of Lodge Avenue within easy reach of local shopping, transport facilities including Elizabeth line, District line and more.
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 £47,205. 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 March 2026.
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