1/24
£108,000
Practical layout, allocated parking, walking distance to station
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 - £270,000
You Pay (40%) - £108,000
Monthly Rent - £482.44
Service Charge - £190.13
Annual Ground Rent - N/A
125 year lease commenced in April 2006 - 105 years remaining
Council Tax Band: C
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
All rooms in this first floor apartment radiate from a central hallway. The generous dual aspect reception room is flooded with light from four large windows. There is a separate kitchen fitted with Birch effect units and including an integrated oven, hob and extractor. Find two double bedrooms, the master with in-built storage. The second, west facing, bedroom is of a good size and currently used as a home office. A family bathroom completes the accommodation.
Glandford Way is located off Grove Road. All local amenities, including schools, grocery stores, off-licenses, public transportation can be reached on foot in a matter of minutes. The property is a ten minutes' walk to Chadwell Heath Station - Elizabeth Line (zone 5) which takes you into both Stratford & Romford in less than 15 minutes each way, where you will find a huge array of shopping facilities including Shopping Centers', markets and access to restaurants and leisure facilities. The A12 is also close by, making Central London accessible by car in about half an hour.
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 £43,664. 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 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 April 2026.
