Gala Court
£108,500 for a 35% share
Property description
River views/long lease Make this home your own, enjoy a £500 B&Q Voucher on completion*
Property address
Erith High Street, Erith, DA8 1FE
2 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value: £310,000
Share Value (35%): £108,500
Monthly Rent: £595.00
Service Charge: £297.86
Council Tax Band: C
250 year lease commenced January 2019 - 243 years remaining
EWS1 available for this property - B1 Rating
Make this home your own, enjoy a £500 B&Q Voucher on completion*
This bright and spacious apartment consists of a stylish dual aspect open-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to west facing private balcony with uninterrupted river views. The kitchen is fitted with high gloss wall and base units, with under-cupboard lighting, and oak effect work surfaces. It also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher.There are two double bedrooms, each with river views, and the master benefitting from in-built storage. A contemporary bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. The spacious entrance hall houses two storage cupboards.
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 is in a great location, within walking distance of Erith Station, Town Centre, Erith sports/leisure centre and the Thames path and recently redeveloped Riverside Gardens. A short walk to Erith train station offers asy access to the Elizabeth line (two stops away) 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 £54,002. 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 2025.
*The £500 B&Q Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st August 2025 and then completes on the sale before 31st December 2025. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, 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. L&Q reserve the right to remove an incentive at any time.
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 | £298 |
| Minimum Deposit | £10,850 |
Located in the Erith Riverside development this modern apartment is in a great location, within walking distance of Erith Station, Town Centre, Erith sports/leisure centre and the Thames path and recently redeveloped Riverside Gardens. A short walk to Erith train station offers asy access to the Elizabeth line (two stops away) with connections to central London and London Heathrow airport.
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
- Pets allowed
Outside space
- Communal Garden