Share Price £88,000 (from 40% Min. Share)

Full Value £220,000 | £8,800 Min. Deposit

Scheme: Shared Ownership

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Hanbury Place, Hospital Approach - 1 bed apartment in Chelmsford

place Hospital Approach, Broomfield, CM1 7HW

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1 bedroom apartment close to the busy city of Chelmsford


Eligibility

If you're looking to buy in Chelmsford, or even if you're looking to rent, our homes are far more affordable than you think. They are available through shared ownership; a part-buy, part-rent scheme that makes it easier and more affordable for you to get onto the property ladder.

To qualify for shared ownership, there are a few boxes to tick:

You are not currently a homeowner - or you will have sold your current home before you purchase.
You have a household income of less than £80,000.
You have a sufficient deposit (a minimum of 5%) for the percentage of the home you'd like a mortgage for.
You are able to prove you can afford the monthly mortgage repayments.


Description

*STAMP DUTY EXEMPT for first time buyers*

1 bedroom apartment

Hanbury Place is a collection of one and two bedroom apartments available through shared ownership in Broomfield, Essex, located close to the busy city of Chelmsford and set amongst beautiful woodland and landscape, including a number of green areas.

The apartments benefit from stylish living spaces and a luxury specification. Each home boasts a variety of modern features, including fully fitted kitchens with integrated appliances, and a selection of luxury flooring throughout.

Chelmsford city centre is conveniently located less than 3 miles away, offering a fantastic mix of boutique, designer and high street shopping. The launch of Bond Street has brought a flagship John Lewis store, along with an Everyman Cinema showing the latest blockbusters.

There are a number of highly regarded schools, renowned for their educational excellence and diversity of opportunity. With the Chelmsford County High School and King Edward VI Grammar School less than 3 miles away, residents are spoilt for choice when it comes to secondary schools.

*Terms and conditions apply


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Calculate Monthly Cost

Share price
£ 88,000
Min. £88,000
Share percentage
Min. 40%
Your deposit
Min. £8,800
Monthly cost*
£814
Cost breakdown
£303
Rent
£119
Service charge
£392
Mortgage*
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Location

Disclaimer

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.