2 bedroom apartment for sale
Eldon Court, RM1 3GN
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Monthly Cost: £1,358
Rent £481,
Service charge £319,
Mortgage £558*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Long lease, Excellent transport links, Good EPC Rating
Description
SHARED OWNERSHIP
Full market value -£275,000
You pay (40%) -£110,000
Monthly rent -£480.99
Monthly service charge -£319.40
Annual ground rent - N/A
Council Tax Band: D
125 year lease commencedJanuary 2006 - 106years remaining
EWS1 Certification Available - A2 rating
Conveniently located in the heart of the town centre. All the amenities are on your doorstep including shopping centres, gyms, bus terminus and train station. Located well for easy access to Romford station and high street. Opposite the Liberty shopping centre and there are also supermarkets, a wide range of other stores and amenities all nearby.
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 £50,949. 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 websitelqhomes.com and 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 April 2024.
Key Features
- Open plan kitchen and living room, leading out onto a private balcony
- Good EPC ratings
- Underfloor heating
- Excellent transport links
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 40%, full price £275,000, £11,000 Min Deposit. Calculated using a representative rate of 4.64%
