Available

£126,000

Heather Avenue, Romford, RM1 4SU
Share 30% / Full price £420,000 / Min deposit £12,600

House
2 bedrooms
1 bathroom
Pets allowed

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Summary

Two bedroom terraced house close to Romford Town Centre

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: £420,000

Share Value (30%): £126,000

Monthly Rent: £789.92

Service Charge: £50.58

Council Tax Band: D

125 year lease commenced July 2016 - 115 years remaining

The entrance to this bright and spacious home takes you into a hallway leading through to the main reception room with double doors opening into a south facing garden. There is a separate kitchen to the front of the house, fitted with high gloss units and including integrated appliances. The ground floor also includes a handy guest cloakroom/WC. On the first floor find two generous double bedrooms, one of which currently has a removable divider. A contemporary bathroom completes the accommodation.

Heather Avenue is well placed for local everyday amenities, with Romford town centre just a bus ride away. Romford station is on the Elizabeth line, providing direct services into London and beyond to Heathrow Airport. The property also offers easy access to the A12, giving good road links to the M25 and A127.

For families, well regarded schools like Parklands Primary and Marshalls Park Academy are within easy reach. Nature lovers will appreciate being just a short stroll from the green open spaces of Rise Park and Bedfords Park, perfect for weekend walks or morning runs. Local shopping at the Romford Market and The Liberty is only a short drive away, ensuring all your daily essentials and entertainment are close by.

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 £52,686. 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 a property in one of our schemes. If you are not registered, please visit our website 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 April 2026.

Description

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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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Monthly cost calculator
£126,000 Shared Ownership Resale Full price £420,000
Estimated monthly cost £1,466
£

How is this calculated?

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