Available

£94,500

Regal House, Royal Crescent, Newbury Park, , IG2 7JY
Share 35% / Full price £270,000 / Min deposit £9,450

Apartment
2 bedrooms
1 bathroom

L&Q Group
0330 038 6486 Ext 5167
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Summary

Private Balcony / Good Transport Links

Eligibility

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.

Description

SHARED OWNERSHIP

Full Market Value: £270,000

Share Value (35%): £94,500

Monthly Rent: £748.18

Service Charge: £232.06

Council Tax Band: C

125 year lease commenced Jan 2003 - 101 years remaining

EWS1 is available for this property - B2 rating

Enter this bright and spacious apartment via a hallway with storage. A spacious open-plan kitchen and living area, flooded with natural light from wide floor length windows opens onto a private east facing balcony overlooking the local park . The generous kitchen is fitted with beech wall and base units with a black granite effect worktops. There is an integrated overn, hob and extractor and spaces for your white goods. Find two good sized double bedrooms, one with in-built storage. The family bathroom includes a shower over the bath.

Located in a prime area with excellent transport links, including Newbury Park Station nearby, commuting is made easy. Outstanding primary and secondary schools within walking distance cater to educational needs, makes this property an ideal choice for families. As well as Newbury Park Underground Station (Central line), Seven Kings Station and Ilford Station (both on the Elizabeth Line) are nearby. There are local shops close by including Sainsbury and Lidl. Buses serve Ilford and Romford shopping centres not far away. There is a local health centre just a few minutes away and the area is covered by two hospitals.

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 £52,523. 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.

Description

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L&Q Group
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.
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£94,500 Shared Ownership Resale Full price £270,000
Estimated monthly cost £1,450
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