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£166,000
3-bedroom, semi-detached house available through Shared Ownership in Chelmsford!
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.
3-bedroom, semi-detached house available through Shared Ownership in Chelmsford!
This well-presented, 3-bedroom home is finished to a high standard, available with a private landscaped garden, loft, first-floor bathroom, a ground-floor cloakroom and additional W/C, a modern kitchen, spacious lounge/dining room, driveway parking, and UPVC double glazing.
Key Features
- Three spacious bedrooms
- Upstairs bathroom, and downstairs W/C
- Wardrobe to master bedroom
- Energy efficient home - EPC Rating: B
- 119-year lease
- Excellent transport links from the new Beaulieu Park Station
- Contemporary fitted kitchen with integrated oven included
- Fitted carpets in all bedrooms for added comfort
- Beautiful private garden
- Driveway parking
Key Information
Tenure: Shared Ownership
Available Shares from: 40%
Full Market Value: £415,000
Share Value (initial purchase) from: £166,000
Rent (on unsold equity): £736.84 per month
Service Charge: £19.72 per month
Lease Length: 119 years
Council Tax Band: D
EPC Rating: B
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Development & Location
Located in Boreham, Chelmsford, this area offers rural bliss, with excellent train connections into London Liverpool Street from Hatfield Peverel Station in under an hour. By car, this property offers immediate access to the A12, connecting residents quickly to the likes of East Anglia, and beyond. The area is also services by a wide variety of shops, restaurants and schools, as well as beautiful walking and cycling routes around the Essex countryside.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £80,000
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You'll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Red Loft
