Gala Court
£195,000 for a 65% share
Property description
Long lease, with views of the river.
Property address
Erith High Street, Erith, DA8 1FE
2 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value: £300,000
Share Value (65%): £195,000
Monthly Rent: £323.05
Service Charge: £254.90
Council Tax Band: C
250 year lease commenced January 2019 - 243 years remaining
EWS1 available for this property - B1 Rating
This well presented, bright and spacious dual aspect apartment consists of a stylish open-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to south facing private balcony. 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, the master with uninterrupted river views and 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 £54,614. 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 July 2025.
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 | £300,000 |
|---|---|
| Minimum Share Percentage | 65% |
| Minimum Share Value | £195,000 |
| Monthly Service Charge | £255 |
| Minimum Deposit | £19,500 |
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.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
- Pets allowed
Outside space
- Communal Garden