Flat for sale in Arum House, London SE17

Shared Ownership

Full Market Value: £500,000

Share Value (25%): £125,000

Monthly Rent: £546.76

Service Charge: £456.77

Ground Rent: £1

Council Tax Band: D

125 year lease commenced January 2017 -117 years remaining

EWS1 certification is available for this property

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

L&Q welcomes you to view this one bedroom, third floor apartment

This bright and airy one bedroom apartment consists of an open-plan kitchen and living area. Spacious main double bedroom with floor to ceiling window. The bathroom comes complete with a white three-piece suite with a shower over bath. One additional storage cupboard in hallway.

The apartment is close to the very popular Sayer Street with its great cafes and restaurants. The 'almost complete' plans for Elephant & Castle span over 11 acres of new public spaces including, a new community garden, five public squares and central London's largest new park in 70 years.

Elephant & Castle provides Northern & Bakerloo underground lines, plus a mainline rail station that includes services to West Hampstead via Blackfriars, or south to Sevenoaks and Wimbledon. Thameslink is also close by. Frequent bus services are also available.

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 £61,066. 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 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 March 2024.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an e-Voucher, 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 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 1-bedroom resales shared ownership apartment.