2 bedroom apartment for sale
Wood Martyn Court, 3 Augustus Lane, BR6 0SS
Share percentage 45%, full price £295,000, £13,275 Min Deposit.
Share percentage 45%, full price £295,000, £13,275 Min Deposit.
Monthly Cost: £1,319
Rent £427,
Service charge £218,
Mortgage £674*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
The buyer will require a deposit to obtain a mortgage for this property and will be offered subject to a full financial assessment. you will be expected to purchase the maximum share that you can afford.
Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website and register to obtain your unique reference number LQSO012345.
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.
Summary
L&Q welcome you to view this two bedroom, third floor apartment in Orpington, build year 2009.
Description
SHARED OWNERSHIP
Full Market Value - £295,000
You Pay (45%) - £132,750
Monthly Rent - £427.30
Service Charge - £218.08
Annual Ground Rent - £NIL
125 year lease commenced in October 2006 - 107 years remaining
Council Tax Band: D
EWS1 Certification is available for this apartment - A2 rating
A contemporary apartment, perfect for first time buyers and young couples hoping to get onto the property ladder . The open plan kitchen/dining/living room provides a flexible space for modern living. There is additional storage space throughout, as well as a fitted wardrobe in the master bedroom. A second single bedroom is ideal for a child or for use as a home office. A modern bathroom completes the accommodation.
This apartment is Ideally placed in the centre of town with excellent access to the mainline Station and bus routes.. Orpington High Street, just a few minutes' walk away includes a vast array of shops, bars, restaurants and leisure facilities. Motorway links, and Greenbelt countryside are also just a short drive away.
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 £49,626. 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 www.lqhomes.comand 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 February 2024.
Key Features
- Town centre location
- Just minutes from mainline station
- Balcony
- Allocated parking
Particulars
Tenure: Leasehold
Lease Length: 107 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 45%, full price £295,000, £13,275 Min Deposit. Calculated using a representative rate of 4.64%
