2 bedroom apartment for sale
Batts House, Merrielands Crescent, Dagenham, RM9 6FP
Share percentage 35%, full price £332,500, £11,638 Min Deposit.
Share percentage 35%, full price £332,500, £11,638 Min Deposit.
Monthly Cost: £1,167
Rent £526,
Service charge £50,
Mortgage £591*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This third-floor apartment is part of a recently-constructed development and appears in excellent condition throughout. The property has a spacious reception room with door that leads out onto a fourteen-foot balcony. The kitchen is semi-open-plan and features sleek, handle-less units and integrated appliances. There is a large main bedroom with en-suite shower room plus a generously-sized second double bedroom and a simple yet stylish bathroom. A storage/utility cupboard has been provided in the entrance hallway and well insulated walls, high performance glazing and a communal heating/hot water system make for a very good energy-efficiency rating. Batts House is located just minutes from Dagenham Dock Station (C2C into Fenchurch Street) and Dagenham Heathway (District Line) is also within easy reach.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £332,500).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/ceb88wvf]
(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 (990 years from 22/02/2022).
Minimum Share: 35% (£116,375).
Shared Ownership Rent: £525.55 per month (subject to annual review).
Service Charge: £50.27 per month (subject to annual review).
Guideline Minimum Income: Dual - £37,400 | Single - £43,600 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Barking & Dagenham.
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). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £11,637.50
- Guide Min Income - Dual £37.4k Single £43.6k
- Third Floor (building has a lift)
- Approx. 782 Sqft Gross internal Area
- High Performance Glazing
- Bathroom plus En-Suite Shower Room
- Balcony
- Very Long Lease
Particulars
Tenure: Leasehold
Lease Length: 988 years
Council Tax Band: C
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 35%, full price £332,500, £11,638 Min Deposit. Calculated using a representative rate of 4.64%