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£80,000
Bright and spacious apartment at Oaklands Hamlet
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 - £320,000
You pay (25%) - £80,000
Monthly rent - £760.97
Monthly service charge - £215.00
Annual ground rent - £100
Council Tax Band: C
125 year lease commenced February 2018 - 116 years remaining
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 open from a central hallway in this beautifully presented second floor apartment. The spacious open plan living area is lit from the doors that lead to a south-west facing julette balcony. The stone coloured modern kitchen features fully integrated appliances. There are two generous light and airy double bedrooms, the master benefitting from a mirror fronted wardrobe and the ability to open doors onto a juliette balcony. A contemporary bathroom completes the accommodation.
Oaklands Hamlets is a parkland development, adjacent to Hainault Forest Golf Club. Residents can enjoy a central community square and 25 acres of public open space, including a new country park and a cycle path to Collier Row, as well as superb views of Canary Wharf and the surrounding countryside.
Hainault tube station on the Central line connects to central London, the wider underground network and mainline train stations. Chadwell Heath mainline station, just 3.5 miles away, benefits from the Elizabeth Line, providing faster and more direct connections to the city and beyond.
Everyday shopping needs are catered for at the Tesco Metro just over a mile from the development. Or the local Waitrose in Buckhurst Hill, Aldi in Ilford and Sainsbury's in Woodford Green are close by. Just 4 miles away in Romford your choice is extended at The Liberty, The Brewery and Romford Shopping Hall that offer a range of High Street favourites, plus bowling and a cinema.
There are multiple local green spaces, including Fairlop Waters and Hainault Country Park, within minutes, and the development also includes a childrens play area.
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 £49,975. 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.
