Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Apartment
2 bedrooms
Not specified
1/14
Available
£65,000
Oaklands House, Oakwood Close, RM3 8FL
Share 25% / Full price £260,000 / Min deposit £6,500
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £80,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Description
Property reference number: 1639464
Situated in Romford, this apartment offers excellent connectivity with Harold Wood Station just a 4-minute drive away and Romford Train Station just a 13-minute drive away. The stations provide fast and frequent services into London Liverpool Street in under 25 minutes and London Paddington in just 30-minutes, making it ideal for commuters. With the A12 and M25 nearby, the location benefits from great road links for those who prefer to drive.
For everyday essentials, you'll find a Lidl within a short walk for everyday essentials, while the town centre offers a variety of shopping options, cafes, and restaurants. Romford’s bustling Queen's Market is also nearby, providing a range of independent retailers and fresh produce stalls.
Nature lovers will appreciate the proximity to several green spaces, including Central Park, just a short walk away and if you want to explore further, Raphael Park, a scenic and well-maintained park offering playgrounds, lakes, and walking trails is just a short drive away.
Stations nearby: Harold Wood Station (1.4 miles), Romford Station (3.5 miles).
Bus routes: 496, 656
Key features:
- Floor-to-ceiling windows
- Integrated appliances including a gas hob and electric oven
- Fitted wardrobe in master bedroom
- Allocated parking
Financial information
Tenure: Leasehold Remaining lease term: 110 Years Annual ground rent amount: £0 Ground rent review period: No ground rent to pay until final staircasing. Annual service charge amount: £2,143.56 Service charge review period: Annually Council tax band: Band C
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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.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£65,000
Shared Ownership Resale
Full price £260,000
Estimated monthly cost£785
Rent£283
Service charge£179
Mortgage£323
Calculated using a representative rate of 4.42%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
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