Gala Court
£126,000 for a 40% share
Property description
Allocated Parking, Long Lease Term, Private Balcony
Property address
Gala Court, Erith, DA8 1FE
2 
1 Shared Ownership
Shared Ownership
Full Market Value: £315,000
Share Value (40%): £126,000
Monthly Rent: £527.60
Service Charge: £332.27
Council Tax Band: C
250 year lease commenced September 2019 - 245 years remaining
EWS1 available for this property - B1 Rating
L&Q welcomes you to view this two bedroom, second floor apartment.
This bright and spacious detached coach house apartment consists of a stylish open-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to private balcony. The kitchen is fitted with taupe wall and base units, with under-cupboard lighting, and a oak effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from built-in storage cupboards. Bright and airy second double bedroom with floor-length windows. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional two storage cupboards in hallway. Allocated parking space.
This property 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.
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 £56,075. 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 June 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 | £315,000 |
|---|---|
| Minimum Share Percentage | 40% |
| Minimum Share Value | £126,000 |
| Monthly Service Charge | £332 |
| Minimum Deposit | £12,600 |
The property is ideally located for Erith mainline station offering easy access in London and is well positioned for regular bus links and amenities.
Erith & Northumberland Heath are adjacent neighbourhoods enjoying close proximity to Bexley borough main thoroughfare, Bexleyheath Broadway. Firmly residential, Northumberland Heath is a quiet enclave with some charming Victorian properties and a small village-like centre.
Erith is a larger town that has undergone rejuvenation in recent years, with a revamped town centre, and a waterfront setting, home to London's longest pier.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
- Pets allowed
Outside space
- Communal Garden