1 bedroom apartment for sale

Available

Lark Lane, Harlow, CM17 0GU

£117,500 · Shared Ownership Resale

Share percentage 50%, full price £235,000, £11,750 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£117,500 Shared Ownership Resale

Share percentage 50%, full price £235,000, £11,750 Min Deposit.

Monthly Cost: £991
Rent £287, Service charge £108, Mortgage £596*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership Basis

Description

This smartly-presented flat is on the top floor of a recently-constructed building and has a twenty-one-foot, dual-aspect reception with open-plan kitchen area featuring sleek, grey units and integrated appliances. There is a good-sized bedroom, a simple, modern bathroom and a pair of built-in storage/utility cupboards in the entrance hallway. Well insulated walls and roof, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The property comes with use of a parking space in the courtyard to the rear of the block and is part of the Gilden Park development which is conveniently located - the nearby A1025 now providing easy access to the M11. The shopping centres, cinema, leisure centre and other amenities of Harlow town centre are only a brief drive away and can also be reached by bike or via local bus.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £235,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://tinyurl.com/ysa69eum]

(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: Heylo. Heylo Housing requires that all applicants must have permanent rights to reside in the UK.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 50% (£117,500).
Shared Ownership Rent: £287.35 per month (subject to annual review).
Service Charge: £107.69 per month (subject to annual review and includes £50 per year parking charge).
Guideline Minimum Income: Dual - £30,400 - £36,700 (based on minimum share and 10% deposit).
Council Tax: Band B, Harlow Council. 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 £11,750
  • Guide Min Income - Dual £30.4k Single £36.7k
  • Second (Top) Floor
  • Approx. 447 Sqft Gross Internal Area
  • High Performance Glazing
  • Gas Central Heating
  • Parking Space
  • Communal Cycle Store
Particulars

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

Property Downloads
Floor Plan Brochure
Map
Harlow Mill (0.64 miles) Sawbridgeworth (1.90 miles) Harlow Town (2.24 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 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.

£117,500
Shared Ownership Resale
Estimated Monthly Cost:£991
Rent £287
Service Charge £108
Mortgage £596

Share percentage 50%, full price £235,000, £11,750 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.