1/26
£100,000
One bedroom apartment on popular development
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value - £250,000
You Pay (40%) - £100,000
Monthly Rent - £491.44
Service Charge - £195.60
Annual Ground Rent - £100.00
125 year lease commenced in August 2017 - 117 years remaining
EWS1 Certification not required.
Set on the second (top) floor, this apartment comprises of a dual aspect open plan area opening onto a juliette balcony, a contemporary bathroom and a spacious double bedroom with extra deep wardrobe storage. It has a long lease remaining and come with an allocated parking space.
Ideally located for Hainault and Chigwell and their shops and local amenities. Just 10 minutes to Hainault Tube line for direct links to Central London. Great commuter roads serving Essex and the London area by way of the A12, A127 and M25.
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 £42,865. 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 the property for our schemes. If you are not registered please visit our website www.lqhomes.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 at December 2025
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