Regiment Gate, CM1 6BQ

SHARED OWNERSHIP

Full market value - £325,000

You pay (40%) - £130,000

Monthly rent - £333.71

Service charge - £217.59

Annual ground rent -£100

Council Tax Band: D

125 year lease commenced August 2018 (118 years remaining)

For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this property*

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.

Enter this well presented apartment via a spacious hallway with fitted cupboards. Two double bedrooms are to your left, the master having a fitted wardrobe and ensuite shower room. The dual aspect open plan living area opens onto a good sized balcony. A contemporary family bathroom completes the accommodation.

This apartment is situated in a block located within close proximity to an array of amenities and a short distance to Chelmsford City centre. Chelmsford City offer a wide range of amenities including a wealth of restaurants and bars.

The city is very popular for the commuter with its mainline train station providing a frequent service to London Liverpool street station. The apartment is also close to the park and ride which provides direct access into Chelmsford City centre.

You 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 £45,701. 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. Please visit our website www.lqhomes.com to register and obtain your unique registration 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 2024.

*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, 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 or L&Q 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 resales shared ownership property.