Flat for sale in Davis Way, Sidcup DA14

Shared ownership

Full market value - £260,000

You pay (35%) - £91,000

Monthly Rent - £496.20

Monthly Service Charge - £181.43

Annual Ground Rent - £ 0

990 year lease commenced in April 2007 (972 years remaining)

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.

All rooms open off a spacious entrance hall in this apartment, in which there are two storage cupboards. There are two double bedrooms to your left, the master having a useful fitted cupboard. On the other side of the hallway is a large open plan living area which incorporates a generous kitchen area and opens via double doors onto a private balcony. A family bathroom completes the accommodation.

Davis Way is ideally located for local shops, providing easy access to everyday essentials. For commuters or those who enjoy exploring the area, the proximity to bus routes offers convenient transportation options. Families will appreciate the nearby schools, providing educational opportunities within reach. Additionally, nature enthusiasts can enjoy the serene surroundings of Foots Cray Meadows, offering a peaceful escape just moments away.

Sidcup High Street and Sidcup station are a short bus ride away on the 492,233 or 51 whilst New Eltham is a short bus ride on the 321 both offering excellent services into London Bridge, Cannon Street and Charing Cross. St Marys Cray train station is also within close proximity offering regular services to London Victoria.

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 £42,984. 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. If you are not registered, please visit our website 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 at April 2024.