Share Price £58,750 (from 25% Min. Share)

Full Value £235,000 | £2,938 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

2 bedroom apartment in Chelmsford - Essex

place Victoria Court, New Street, CM1 1GL

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail

Home Group Resales

favorite_outline Save Property

6 months’ rent paid incentive by the seller! º


Eligibility

Minimum household income requirement: £25,567^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Priority: Priority is given to first time buyers.


Description

***Please quote VIC461 when enquiring.***

- Introduction -

Looking for independence and a home to call your own? This ideal one-bed apartment is located within an established residential area in Chelmsford. In the immediate area you will find local amenities, bus services and convenient access to the town centre and beyond. The property provides convenient road links to the A12 which serves London, the A130 to the South and A131 to Braintree and surrounding areas; so why not take a look?

- What the owner says -

“Offered for sale with a 25% share of ownership is this modern City Centre first floor two- bedroom apartment. Two great sized double bedrooms and a fabulous lounge with semi open-plan kitchen and a balcony, a modern bathroom, spacious entrance hall with entry phone system, well kept & private communal grounds.

Ideally located within a short stroll to Chelmsford mainline station and city centre. Absolutely ideal for first-time buyers and commuters alike - opportunity to purchase up to 75%.”

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying.

Two-bed first-floor apartment.

- Entrance hallway with telephone entry system for peace of mind and built in storage cupboard.

- Living room (4.39m x 4.01m) with direct access to the kitchen and patio doors leading to private balcony.

- Kitchen (3.20m x 1.93m) fitted with coordinating wall and base units, electric oven, gas hob, extractor and window to rear aspect.

- Main bedroom (3.73m x 2.59m) with double built in wardrobe and window to front aspect.

- Second bedroom (3.33m x 3.20m) with window to front aspect.

- Bathroom includes white suite comprising panelled bath, wash basin and WC. Partially tiled walls, radiator and extractor fan.

- Gas central heating.

- Well maintained communal gardens and secure storage area.

*NOTE* There is no parking space included with the flat but local arrangements can be made from other flat owners.

- Costs –

PRICE - £58,750*

RENT - £623.77pm

SERVICE CHARGE - £134.51pm**

6 month’s rent paid by the seller upon completion º

*This represents a 25% share of the full open market value of £235,000

**This includes: management charge, service charge, building insurance and sinking fund. Rent and service charges are reviewed annually.

º To be discussed during conveyancing

- General Information -

Tenure: Leasehold

Lease: 99 years from 1 November 2004

Years remaining on lease: approx. 83

Approximate internal area: 51 sq. m.

Local authority: Chelmsford City Council

Council tax band: C

EPC rating: C (79)

- Terms, conditions and requirements -

Minimum household income requirement: £25,567^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Priority: Priority is given to first time buyers.

- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • 6 months’ rent incentive by the seller! º
  • *£58,750 for a 25% share available under the shared ownership scheme*
  • Viewing is highly recommended
  • You can purchase more shares up to 75% when the time is right for you
  • Excellent starter home – perfect for commuters, single occupants and families
  • Walking distance to public transport and Chelmsford Train Station
  • Easy access to the A12 providing routes to London and the A130 and A131 close by
  • Communal gardens

Download Documents

Energy Certificate
Budget Calculator
arrow_backwards Back to 2 bedroom apartment in Chelmsford - Essex

Calculate Monthly Cost

Share price
£ 58,750
Min. £58,750
Share percentage
Min. 25%
Your deposit
Min. £2,938
Monthly cost*
£1,052
Cost breakdown
£624
Rent
£135
Service charge
£293
Mortgage*
Calculated using a representative rate of 3.94%
help

Sign in to Register Your Interest mail

Home Group Resales

favorite_outline Save Property

Location

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.