15 Sherard Road
£255,000 for a 75% share
Property description
Our Winter Offer: A £1,000 Ikea voucher on completion*. Right to park in allocated bay.
Property address
Sherard Road, Eltham, SE9 6EX
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
For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this property*
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.
*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.
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