Gala Court
£108,500 for a 35% share
Property description
Two bed apartment with great views
Property address
Gala Court, Erith High Street, Erith, DA8 1FE
2 
1 Shared Ownership
SHARED OWNERSHIP
Full market value - £310,000
You pay (35%) - £108,500
Monthly rent - £566.90
Monthly service charge - £332.27
Annual ground rent - £100
Council Tax Band: C
250 year lease commenced June 2019 - 245 years remaining
EWS1 certification is available for this property - B1 Rating
This well presented apartment is bright and spacious. The dual aspect open plan living area opens onto a private balcony with views across the Riverside Path and River Thames. The modern kitchen features integrated appliances. Two double bedrooms, the master with fitted wardrobes and a contemporary family bathroom complete the accommodation.
Located in the Erith Riverside development this modern apartment would make an ideal first time buy. A great location within walking distance of Erith Station, Town Centre, Erith sports/leisure centre and the Thames path. Easy access to the Elizabeth line with connections to central London and London Heathrow airport.
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 £54,229. 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 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 May 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 | £310,000 |
|---|---|
| Minimum Share Percentage | 35% |
| Minimum Share Value | £108,500 |
| Monthly Service Charge | £332 |
| Minimum Deposit | £10,850 |
Located in the Erith Riverside development this modern apartment would make an ideal first time buy. A great location within walking distance of Erith Station, Town Centre, Erith sports/leisure centre and the Thames path. Easy access to the Elizabeth line with connections to central London and London Heathrow airport.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
- Pets allowed
Outside space
- Communal Garden