1 bedroom apartment for sale
Lark Lane, Harlow, Essex, CM17 0GU
Share percentage 50%, full price £230,000, £11,500 Min Deposit.
Share percentage 50%, full price £230,000, £11,500 Min Deposit.
Monthly Cost: £1,040
Rent £282,
Service charge £174,
Mortgage £584*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership Basis
Description
A ground-floor flat which forms part of the Gilden Park development. Internal features include an approximately twenty-two-foot main room with windows at either end and an open-plan kitchen area. The bedroom is a comfortable size, the bathroom smart and modern and a pair of built-in storage/utility cupboards have been provided in the entrance hallway. Well insulated walls and floor, high performance glazing and gas central heating make for a very good energy-efficiency rating. The property comes with use of a parking space and the nearby, recently-opened A1025 allows 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 £230,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://tinyurl.com/2trjdn7j]
(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 a permanent right to reside in the UK.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 50% (£115,000).
Shared Ownership Rent: £282.09 per month (subject to annual review).
Service Charge: £173.90 per month (subject to annual review).
Guideline Minimum Income: Dual - £32,300 | Single - £38,500 (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 £11,500
- Guide Min Income - Dual £32.3k Single £38.5k
- Ground Floor
- Approx. 440 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- High Performance Glazing
- Gas Central Heating
- Parking Space + Cycle Store
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B
Property Downloads
Floor Plan BrochureMap
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 £230,000, £11,500 Min Deposit. Calculated using a representative rate of 4.64%