Penpool Lane

SHARED OWNERSHIP

Full Market Value:  £300,000

Share Value (70%):  £ 210,000

Monthly Rent:         £ 189.71

Service Charge:      £262.66

Ground Rent:            £ 100 pa

Council Tax Band:    C

125 year lease commenced April 2010 - 109 years remaining

EWS1 - Based on the findings of the intrusive inspection and alignment with RICS and government guidance, there is no requirement for an EWS1 form for the building.  However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria. 

This bright, airy and spacious two bedroom first floor apartment consists of a large open plan reception room, which naturally divides into three separate areas to accommodate the kitchen, dining and lounge, as well as priving a nook for a home office.  The modern kitchen is fitted with white wall and base units, and a black marble effect worktops. The kitchen also benefits from an integrated oven, hob and extractor fan. There are two double bedrooms, each with small in-built 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.

You are within walking distance to Welling train station and the area is serviced by multiple bus routes as well as being close to the High Street, where you'll find Tesco, Morrisons and Lidl as well as a host of independent shops, pubs and restaurants.   Crook Log Leisure Centre - Welling's sports and pool complex is nearby and the property is within walking distance of Danson Park, with its historic house, boating lake, sports pitches, splash park and pub.  For families, apart from several local nurseries and primary schools you are also close to Bexley Grammar School.

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 £52,565. 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 December 2025.

This is an indication of how much these apartments might cost.

For more detailed information please register your interest in this property.

Parking

• Allocated parking

Others

• Central heating
• Double Glazing

Outside space

• Communal Garden

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