1 bedroom apartment for sale

Available

Glandford Way, RM6 4UG

£130,000 · Shared Ownership Resale

Share percentage 65%, full price £200,000, £13,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£130,000 Shared Ownership Resale

Share percentage 65%, full price £200,000, £13,000 Min Deposit.

Monthly Cost: £1,129
Rent £290, Service charge £183, Mortgage £656*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Summary

One bedroom purpose built apartment Our Autumn Offer: A £1,000 Amazon voucher on completion!*

Description

SHARED OWNERSHIP - CHAIN FREE

Full Market Value - £200,000

You Pay (65%) - £136,500

Monthly Rent - £290.14

Service Charge - £183.01

Annual Ground Rent - N/A

125 year lease commenced in September 2003 - 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.

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

This apartment consists of an open-plan kitchen and living area, with Juliette balcony overlooking the development. The kitchen is fitted with light beech effect wall and base units, a granite effect worktop and white tiling splashback. The kitchen also benefits from integrated appliances including a oven and hob. Spacious double bedroom. The bathroom comes complete with a white three-piece suite with a shower over the bath, and tile surround. This apartment also benefits from an allocated parking space.

The property 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 aten 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 arrayof 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 £44,097. 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.comand 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 February 2024.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.

Key Features
  • Allocated parking
  • Elizabeth Underground Station within walking distance
  • Entry phone system (not tested)
  • Good EPC Rating - C
  • Communal gardens
  • Pets allowed
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
Map
Chadwell Heath (0.75 miles) Goodmayes (0.80 miles) Newbury Park (1.23 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
  • Service Charge: Covers maintenance and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£130,000
Shared Ownership Resale
Estimated Monthly Cost:£1,129
Rent £290
Service Charge £183
Mortgage £656

Share percentage 65%, full price £200,000, £13,000 Min Deposit. Calculated using a representative rate of 4.59%


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.