Vickers Court
£87,500 for a 25% share
Property description
Spacious third floor apartment close to Cator Park. Our Winter Offer: A £1,000 Ikea voucher on completion*
Property address
Vickers Court, Parish Lane, Penge, SE20 7HU
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Shared Ownership
SHARED OWNERSHIP
Full market value: £350,000
You pay (25%): £87,500
Monthly rent:: £827.54
Monthly service charge: £154.34
Ground rent: £100
Council Tax Band: C
125 year lease commenced in December 2015 - 116 years remaining
For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this apartment*
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This spacious yet cosy 3rd floor apartment features double aspect crescent windows and architrave detailing. An east facing balcony accessed from the open plan kitchen and living room gives plenty of natural daylight. with long views over Beckenham and Sydenham local town and parks. Two generous bedrooms and a tiled bathroom with shower over the bath and extractor, complete the accommodation. The allocated parking and communal gardens are gated.
Close to local Cator Park & Alexandra Recreation ground, serviced by local high street amenities - library, supermarkets, coffee shops, local pubs and famous Alexandra Nurseries. Spa Beckenham Leisure centre 15 minutes walk away with further amenities on Beckenham high street including Odeon Cinema etc. The property is an 8 minute walk to Kent House station where south eastern railway gets into Victoria in 20 minutes. London Bridge from Clock house Station (15 minute walk). 10 minutes to Penge East and West Overground stations to East London. Alexandra Primary School is less than a mile away, and Harris Kent House approx 0.5 miles away.
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 £53,284. 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 www.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 February 2025.
*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, 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. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.
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 | £350,000 |
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Minimum Share Percentage | 25% |
Minimum Share Value | £87,500 |
Monthly Service Charge | £154 |
Minimum Deposit | £8,750 |
Close to local Cator Park & Alexandra Recreation ground, Vickers Court is a short walk from Penge High Street, with its collection of gastropubs, coffee shops, neighbourhood restaurants and independent shops and cinema. Spa Beckenham Leisure centre is approximately 15 minutes walk. There are four stations all a short walk away including Penge East and Penge West providing fast regular services into London and beyond.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Pets allowed
Outside space
- Communal Garden