2 bedroom apartment for sale

Available

Pemberley Apartments, 9 Gillian Crescent, Gidea Park, RM2 6NU

£120,000 · Shared Ownership Resale

Share percentage 40%, full price £300,000, £6,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£120,000 Shared Ownership Resale

Share percentage 40%, full price £300,000, £6,000 Min Deposit.

Monthly Cost: £1,130
Rent £418, Service charge £122, Mortgage £590*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

£
Summary

Two bedroom first floor apartment with allocated parking.

Description

SHARED OWNERSHIP

Full Market Value: £ 300,000

Share Value (40%):£ 120,000

Monthly Rent: £ 418.07

Service Charge: £ 122.14

99 year lease commenced April 2006- 83years remaining - Lease extension will be possible on application.

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.

Gidea Park Railway Station is within a mile with published journey time to Liverpool Streetofapproximately 31 minutes. Road links to the A12 within 0.5 miles with and the M25 within 2.8 miles. Local bus links to the surrounding areas.

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 £37,161If you are offered the property, 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 websitelqhomes.com 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 at April 2022.

Key Features
  • Living area open plan to kitchen.
  • Kitchen fitted with beech wall and base units with black granite effect worktops featuring integrated stainless steel oven, hob and extractor fan and spaces for washing machine and fridge/freezer.
  • Two double bedrooms, one with fitted wardrobes.
  • Bathroom fitted with white suite, including shower over bath.
  • Large storage cupboard to hallway.
  • Gas fired central heating (not tested).
  • Communal garden.
  • Allocated parking space.
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Gidea Park (0.73 miles) Harold Wood (0.90 miles) Emerson Park (1.57 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.

£120,000
Shared Ownership Resale
Estimated Monthly Cost:£1,130
Rent £418
Service Charge £122
Mortgage £590

Share percentage 40%, full price £300,000, £6,000 Min Deposit. Calculated using a representative rate of 3.82%


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.