Laurel Apartments
£144,000 for a 30% share
Property description
Two bedroom flat with private balcony, close to local amenities and public transport. Long term term.
Property address
Laurel Apartments, Townsend Street, London, SE17 1HG
2 
1 Shared Ownership
Shared Ownership
Full Market Value: £480,000
Share Value (30%): £144,000
Monthly Rent: £584.96
Service Charge: £251.51
Council Tax Band: D
990 year lease commenced October 2022 - 987 years remaining
EWS1 - form is available for the property - B1 rating
L&Q welcomes you to view this two bedroom, 5th floor apartment.
This modern two apartment, which benefits from its own private balcony which has stunning views of the London Skyline. The property comprises a large hallway leading into the main reception area and kitchen with doors onto the private balcony. The kitchen is modern with wood effect units. The two double bedrooms are spacious.
Situated just off New Kent Road this apartment is well served with public transport with Borough and Elephant and Castle stations being just a mile away and with extensive local bus links into central London. London's famous East Street and Borough Markets and the more recently established Mercato Metropolitano are also just a short distance away. The property is also moments from the Elephant and Castle regeneration area which forms one of Europe's largest regeneration zones.
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 £58,588. 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. In order to register, please visit our website lqhomes.com to register and 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 November 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 | £480,000 |
|---|---|
| Minimum Share Percentage | 30% |
| Minimum Share Value | £144,000 |
| Monthly Service Charge | £252 |
| Minimum Deposit | £14,400 |
Situated just off New Kent Road this apartment is well served with public transport with Borough and Elephant and Castle stations being just a mile away and with extensive local bus links into central London. London's famous East Street and Borough Markets and the more recently established Mercato Metropolitano are also just a short distance away. The property is also moments from the Elephant and Castle regeneration area which forms one of Europe's largest regeneration zones.
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
- Pets allowed