1 bedroom apartment for sale
Middle Crockerford, Basildon, SS16 4JE
Share percentage 50%, full price £175,000, £8,750 Min Deposit.
Share percentage 50%, full price £175,000, £8,750 Min Deposit.
Monthly Cost: £661
Rent £96,
Service charge £123,
Mortgage £442*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This one-bedroom flat is on the ground floor and features an open-plan kitchen/reception room with windows on three sides. The bedroom and bathroom are both quite spacious and there is a built-in storage cupboard in the entrance hallway. Well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. Outside there is a small, gated area of grass, which is demised to this property, and a communal parking area with spaces available on a first come, first served basis. Alternatively, Basildon Railway Station, for c2c services between Shoeburyness and London Fenchurch Street, can be easily reached via local bus, as can the nearby Eastgate Shopping Centre.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £175,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/2W59D3Y]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2009).
Minimum Share: 50% (£87,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £95.95 per month (subject to annual review).
Service Charge: £123.24 per month (subject to annual review).
Guideline Minimum Income: £23,000 Single (based on minimum share and 10% deposit).
Council Tax: Band B, Basildon Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £8,750
- Guide Min Income - £23,000 Single
- Ground Floor
- Approx. 503 Sqft Gross Internal Area
- Open-Plan Kitchen/Reception
- Modern Double Glazing and Gas Central Heating
- Communal Parking
- Short Bus Ride to Basildon Station
Particulars
Tenure: Leasehold
Lease Length: 110 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 50%, full price £175,000, £8,750 Min Deposit. Calculated using a representative rate of 4.59%