2 bedroom apartment for sale
Blueberry Court, Holmeoak Avenue, Rainham, RM13 8JG
Share percentage 55%, full price £345,000, £18,975 Min Deposit.
Share percentage 55%, full price £345,000, £18,975 Min Deposit.
Monthly Cost: £1,559
Rent £367,
Service charge £114,
Mortgage £1,078*
Calculated using a representative rate of 5.79%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing
Description
This smartly-presented apartment is on the fourth floor (building has a lift) of a recently-constructed development. The property has a 26' reception room with an open-plan kitchen area featuring attractive, walnut-style units. A glazed door leads from the reception out onto a large, south-facing balcony. There is a spacious main bedroom with built-in wardrobe plus a second comfortable double bedroom, a simple, modern, naturally-lit bathroom and useful hallway storage. Well insulated walls, high performance glazing and a communal heating/hot water system have resulted in a very good energy-efficiency rating. The apartment comes with use of an underground parking space and the A13 offers a direct route into central London or out to the M25. Rainham town centre and railway station can also be easily reached by bus or bike and nearby Beam Parklands Country Park provides many acres of outside space to explore.
SHARED OWNERSHIP (Advertised price represents 55% share. Full market value £345,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/3tcx42cx]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 55% (£189,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £367.19 per month (subject to annual review).
Service Charge: £113.79 per month (subject to annual review).
Guideline Minimum Income: Dual - £50,600 | Single - £58,000 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Havering. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £18,975
- Guideline Income £50.6k Dual | £58k Single
- Fourth Floor with Balcony
- Approx. 786 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- High Performance Glazing
- Communal Heating and Hot Water
- Secure Parking Space
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Floor Plan Brochure Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 55%, full price £345,000, £18,975 Min Deposit. Calculated using a representative rate of 5.79%