2 bedroom apartment for sale

Available

Blueberry Court, Lowen Road, Rainham, RM13 8JN

£117,250 · Shared Ownership Resale

Share percentage 35%, full price £335,000, £11,725 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£117,250 Shared Ownership Resale

Share percentage 35%, full price £335,000, £11,725 Min Deposit.

Monthly Cost: £1,205
Rent £588, Service charge £22, Mortgage £595*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

Access to this apartment is via a gated terrace leading to the main door and entrance hallway. Internal features include a 25-foot reception room with high ceiling and open-plan kitchen area. There is a generously-sized main bedroom with fitted wardrobe plus a second, smaller, double bedroom and a spacious and attractive bathroom. Well insulated walls and floor, high performance glazing and a communal heating/hot water system all contribute towards a very good energy-efficiency rating. The apartment comes with use of a 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. This particular property has a very low service charge, thanks to the private entrance.

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £335,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/fwx9x2st]

(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: 35% (£117,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £588.11 per month (subject to annual review).
Service Charge: £22.31 per month (subject to annual review).
Guideline Minimum Income: Dual - £40,200 | Single - £45,200 (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 £11,725
  • Guideline Income £40.2k Dual | £45.2k Single
  • Ground Floor
  • Approx. 770 Sqft Gross Internal Area
  • High Performance Glazing
  • Communal Heating and Hot Water System
  • Private Terrace
  • Parking Space
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Floor Plan Brochure Energy Certificate
Map
Dagenham East (1.09 miles) Dagenham Dock (1.15 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.

Read More Read Less
  • 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.

£117,250
Shared Ownership Resale
Estimated Monthly Cost:£1,205
Rent £588
Service Charge £22
Mortgage £595

Share percentage 35%, full price £335,000, £11,725 Min Deposit. Calculated using a representative rate of 4.64%


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.