Herbert Ridley Close, CM1 6DN

Shared Ownership

Full Market Value - £240,000

You Pay (25%) - £60,000

Monthly Rent - £409.32 from 1/4/24

Service Charge - £255.02 from 1/4/24

Annual Ground Rent - £100

125 year lease commenced in February 2022 - 123 years remaining

Council Tax Band: C

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

EWS1 Certification is available for this apartment - B1 rating

A contemporary apartment, perfect for first time buyers and young couples hoping to get onto the property ladder in Chelmsford. The open plan kitchen/dining/living room provides a flexible space for modern living. There is additional storage space throughout, as well as a fitted wardrobe in the bedroom. What's more, the home is finished to a fully inclusive specification with integrated appliances, contemporary new kitchens and bathrooms, and flooring included as standard

Beaulieu Park is regarded as one of the most desirable areas to reside within Chelmsford and this property is conveniently located just a short walk away from a local array of shops, amenities, bus routes and, in the future, the Beaulieu Park Train station under construction. If you enjoy the great outdoors you are spoilt for choice with various open walks and cycle paths.

Chelmsford railway station offers a regular service to London Liverpool Street (38 mins), and Ipswich in the other direction. Beaulieu is also set to benefit from its own railway station which will join the Greater Anglia mainline, making the daily commute even easier. For those taking to the roads, the A12 which bounds the Beaulieu site to the south offers a direct connection to the M25 and London to the west, and Ipswich, Colchester and East Anglia to the east. And for those all important getaways Stansted airport is 20 minutes drive away, connecting to Europe and beyond.

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 £33,417. 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 February 2024.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.