Share Price £157,500 (from 75% Min. Share)

Full Value £210,000 | £15,750 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Havering

place Byron Court, Quadrant Arcade, RM1 1NJ

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One Housing Group

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75% Share Price: £157,500 - Modern 1 bed Flat in the centre of Romford Town


Eligibility

Eligibility Criteria

· Household income must not exceed £80,000 (outside of London) or £90,000 (in London)

· Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)

· No cash buyers

· No pets

· Applicants must be able to afford their purchase, and sustain their housing costs

· Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners

· Applicants must be unable to purchase a property suitable to meet their needs on the open market

· Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


Description

Full Market Value: £210,000

75% Share Price: £157,500

Monthly Rent: £80.56

Monthly Service Charge: £88.88

Byron Court is situated above Romford’s iconic Quadrant Arcade. This one bedroom apartment is located in the epicentre of Romford Town on South Street. With fantastic transport links to London & Essex, a plethora of amenities and some fantastic restaurants right on the door step you’ll be spoilt for choice with things to do living here! An ideal starter home for a first time buyer(s). The property boasts an approximate 46m2 floor plan comprising of one bedroom, large separate kitchen & living rooms, bathroom and entrance hallway. The apartment is north facing to the back of the building ensuring quietness at all times whilst being located on the bustling high street.


Key Features

· Sought after RM1 location in the heart of Romford Town.

· Nearby to The Brewery & The Liberty Shopping Centre’s along with a variety of independent retail outlets, Supermarkets, restaurants and many other local amenities / attractions.

· A commuters paradise; a few minutes walk from Romford Station (TFL Rail Zone 6) with fast trains direct to London via Stratford (9 minutes) & Liverpool Street (17 minutes). Crossrail is due to complete in 2021.

· Secure door entry via a video call intercom.

· Large fitted kitchen & living room, great for entertaining and socialising.

· Modern, high quality finish in every room. All of which have been recently re-decorated.


Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 157,500
Min. £157,500
Share percentage
Min. 75%
Your deposit
Min. £15,750
Monthly cost*
£849
Cost breakdown
£81
Rent
£89
Service charge
£679
Mortgage*
Calculated using a representative rate of 3.09%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.