Share Price £105,000 (from 35% Min. Share)

Full Value £300,000 | £5,250 Min. Deposit

Scheme: Shared Ownership

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2 bedroom apartment in South Ockendon - Thurrock

place 231 Windstar Drive, RM15 5SJ

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Spacious two bedroom apartments offering panoramic views


Eligibility

Arisdale Avenue development offers a selection of two bedroom homes for Shared Ownership, built by St Mowden Homes. Priority will be given to those who live and/or work in the Thurrock District Council. If we exhaust this list we are able to consider applicants from outside the local area.

To be eligible to apply for shared ownership you must ;

Have anannual household income of no more than £80,000
You must be unable to purchase a home suitable for your needs on the open market
You must not have any outstanding credit issues (e.g. unsatisfied defaults or County Court Judgments)

In line with government priorities, priority for Shared Ownership homes is awarded to serving military personnel and former members of the British Armed Forces honourably discharged within the last two years.


Description

An exciting opportunity to purchase a shared ownership property is coming to South Ockendon in early 2021.

These state of the art two-bedroom apartments come with fully integrated kitchen appliances, en-suites to the main bedroom with the top floor apartments boasting a panoramic balcony.

South Ockendon is a small suburban town located in the east of Essex and borders Greater London.

The development itself has much to offer, with great links by car and train the development doesn't just provide housing but well-lit pedestrian and cycle routes with plenty ofopen landscaped greens.

The development is just 5 miles off Junction 29 of the M25 and just a ten minute walk to Ockendon station, providing great transport links

There are a good selection of Primary Schools to explore

Primary schools:

Bonnygate Primary School. Ofsted rating: Good

Holy Cross Catholic Primary School. Ofsted rating: Good

Benyon Primary School. Ofsted rating: Good.


Secondary schools:

The Ockendon Academy. Ofsted rating: Good

Arisdale Avenue is perfectly situated for the shopaholics amongst us. There is the popular Bluewater and Lakeside shopping centre both within less than a 6 mile drive plus a great range of supermarkets all local to the development. You can also jump on the train into Central London where you will be spoilt for choice with an array of shops and restaurants.


Key Features

Ready for occupation in early 2021 start the new year in a new home and enjoy the benefits of a spacious apartment with modern style.

All apartments come with fully fitted kitchens and integrated appliances;

An en-suite to the main bedroom ;

Carpeted throughout with tiles to all wet-rooms;

Gas central heating;

12 year build warranty.


Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 105,000
Min. £105,000
Share percentage
Min. 35%
Your deposit
Min. £5,250
Monthly cost*
£1,063
Cost breakdown
£447
Rent
£109
Service charge
£507
Mortgage*
Calculated using a representative rate of 3.64%
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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.