15 Sherard Road
£255,000 for a 75% share
Property description
Purpose built apartment
Property address
Sherard Road, Eltham, SE9 6EX
2 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value: £340,000
Share Value (75%): £255,000
Monthly Rent: £175.12
Service Charge: £295.28
Ground rent : £100 per annum
Council Tax Band: C
125 year lease commenced April 2017 - 117 years remaining
EWS1 certification is available for this property - B1 Rating
This larger than average bright apartment has a spacious living area opening on a private balcony. The kitchen features high gloss units with integrated appliances. There are two well-proportioned double bedrooms, one with a fitted wardrobe and a part tiled modern family bathroom.
This property benefits from a sinking/reserve 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 apartment is situated in close proximity to the wealth of shops and cafes found on the nearby Eltham High Street. Also, Eltham Station is nearby for regular services into London Bridge and Charing Cross.
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 £66,088. 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 October 2024
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £340,000 |
|---|---|
| Minimum Share Percentage | 75% |
| Minimum Share Value | £255,000 |
| Monthly Service Charge | £295 |
| Minimum Deposit | £25,500 |
The apartment is situated in close proximity to the wealth of shops and cafes found on the nearby Eltham High Street. Also, Eltham Station is nearby for regular services into London Bridge and Charing Cross.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Pets allowed
Outside space
- Communal Garden