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£147,000
Three bedroom two bathroom house in popular location
You can apply to buy the home if all of the following apply:
- your household income is £80,000 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 - £490,000
You pay (30%) - £147,000
Monthly rent - £842.90
Service charge - £74.02
Annual ground rent - £
Council Tax Band: E
990 year lease commenced December 2021 (985 years remaining)
The ground floor of this well presented home consists of a dual aspect open plan kitchen/diner living room opening via patio doors onto a south facing private garden laid mainly to lawn and with benefit of a shed. A gate in the rear fence takes you to your parking spaces. There is also a utility room/WC on the ground floor as well as an understairs storage cupboard. The modern kitchen features fully integrated appliances. On the first floor find three double bedrooms, the master having in-built storage and an en-suite shower room. A contemporary bathroom serves the other bedrooms.
Located in the highly sought-after Springfield area of Chelmsford, which is well regarded for its strong community environment, family-friendly atmosphere and excellent commuter accessibility. The area benefits from a range of nearby open spaces including local parks, Springfield Green and scenic walking and cycling routes along the River Chelmer. A wide selection of local amenities are easily accessible, including supermarkets (Sainsburys, Morrisons), convenience stores, cafés, healthcare services and leisure facilities within walking distance (12 min / 5 by car), with Chelmsford city centre and Bond Street retail development approximately 10 minutes away, offering an extensive range of shopping, dining and entertainment options. Transport links are excellent, with Chelmsford railway station (10 min by car) and Beaulieu Park Station (4 min by car) providing direct services to London Liverpool Street in approximately 35 minutes, alongside convenient access to the A12 and regular local bus services.
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 £58,906. If you are offered the home, 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 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 of March 2026.
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