2 bedroom apartment for sale
Rennoldson Green, CM2 9FY
Share percentage 50%, full price £300,000, £15,000 Min Deposit.
Share percentage 50%, full price £300,000, £15,000 Min Deposit.
Monthly Cost: £1,194
Rent £247,
Service charge £186,
Mortgage £761*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Allocated Parking - Within Building Warranty - Good EPC Rating
Description
SHARED OWNERSHIP
Full Market Value: £300,000
Share Value (50%): £150,000
Monthly Rent: £247.04
Service Charge: £186.48
Annual Ground Rent: £350.00
Council Tax Band: C
125 year lease commenced January 2017 - 118 years remaining
EWS1 - 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.
L&Q welcomes you to view this two bedroom, second floor apartment.
This apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from the juliet balcony. The kitchen is fitted with matt grey base units and light wood wall units, with under-cupboard lighting, and a white marble stone effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from en-suitewith shower. Spacious, bright and airy second double bedroom. The main bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional storage cupboards in hallway. Allocated parking space.
Situated within a conservation area in one of Chelmsford's most desirable locations the St John's development off Wood Street is perfectly placed to make the most of Chelmsford's shopping and transport links.Chelmsford has a pedestrianised High Street with two undercover shopping areas and a popular Saturday market along with plenty of cafes and restaurants. Chelmsford train station offers direct links to Central London. A number of bus services stop outside of the development, whilst the A12 and A414 provide road links to the M25 and M11/Stansted airport.
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 £45,185. If 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 website www.lqhomes.comand 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 of November 2023.
Key Features
- Allocated parking
- Within building warranty
- Entry phone system (not tested)
- Good EPC rating
- En-suite to master bedroom
- Pets allowed
- Communal gardens
- Gas central heating system (not tested)
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 50%, full price £300,000, £15,000 Min Deposit. Calculated using a representative rate of 4.64%
