1 bedroom apartment for sale

Available

Ben Wilson Link, Springfield, CM1 6DL

£112,500 · Shared Ownership Resale

Share percentage 45%, full price £250,000, £11,250 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£112,500 Shared Ownership Resale

Share percentage 45%, full price £250,000, £11,250 Min Deposit.

Monthly Cost: £878
Rent £237, Service charge £156, Mortgage £485*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Summary

One bedroom first floor apartment

Description

SHARED OWNERSHIP

Full market value – £250,000

You pay (45%) - £112,500

Monthly rent – £237.27

Service charge - £155.90

Ground rent payable - £100.00

125year lease commenced 27/09/2019(122years remaining)

Council tax band: C

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.

This first floor apartment is situated on the Beaulieu Park development in close proximity to local amendities including shopping, restaurantsand fitness facilities. Within the developmentare a Sainsbury’s Local, a dental and veterinary surgery, Costa Coffee and Domino’s. The recently opened school and a community centre are also within walking distance. Chelmsford City Centre offers most of the high street retailers, independent stores and ample entertainment opportunities. Chelmsford Railway station is also approximately 3 miles away and a speedy bus takes your there from Beaulieu Park in just 15 minutes.

You 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 £30,919. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants 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. Please visit our website www.lqhomes.com to register and obtain your uniqueregistration 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 April 2022.

Key Features
  • Open plan living space and kitchen.
  • Kitchen fitted with white high gloss wall and base units and wood effect worktops with integrated appliances plus space for a washing machine.
  • One double bedroom with fitted wardrobe.
  • Bathroom fitted with a white suite, shower over bath and glass shower screen.
  • Storage cupboard to hallway.
  • Entry phone system (not tested)
  • Gas fired central heating (not tested).
  • Right to Park - one space - in car park.
  • Communal gardens.
Property Downloads
Floor Plan
Map
Chelmsford (2.07 miles) Hatfield Peverel (4.59 miles) White Notley (6.94 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£112,500
Shared Ownership Resale
Estimated Monthly Cost:£878
Rent £237
Service Charge £156
Mortgage £485

Share percentage 45%, full price £250,000, £11,250 Min Deposit. Calculated using a representative rate of 3.09%


Development
Resales
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.