Share percentage 25%, full price £255,000, £3,188 Min Deposit.
Monthly Cost: £861
Rent £438,
Service charge £60,
Mortgage £363*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Serving members of the British Armed Forces and those honourably discharged in the last two years are considered a priority group.
Surviving partners of regular service personnel who have died in service and have applied within two years of the bereavement are also considered a priority.
Eastlight considers applications on a first come first served basis.
Summary
1 bedroom second floor apartment at the Beaulieu Gate development in Chelmsford for Shared Ownership
Description
Located within the Beaulieu Gate development in Chelmsford, Eastlight will have a number of 1 and 2 bedroom apartments for Shared Ownership due in September 2024. Nestled in the heart of Chelmsford, Beaulieu Gate offers a harmonious blend of contemporary living and picturesque ancient surroundings. Discover the epitome of luxury, with the convenience of city living as well as being surrounded by beautiful countryside.
Beaulieu Gate benefits from fantastic transport links, with Chelmsford train station within 4 miles and with that direct links to London Liverpool Street. The A12 trunk road also being on your doorstep makes this a commuter's dream.
*Images are for illustrative purposes only*
*Service charges are currently estimated*
*Due to the fact that the properties are currently under construction, we are reserving all plots off plan*
Key Features
Property Features
All properties benefit from:
- Symphony Kitchens (Woodbury Range)
- Integrated oven, hob and hood
- Integrated fridge/freezer
- Vinyl flooring to kitchen and bathrooms
- NO FLOORING TO DRY AREAS
- Gas central heating
- Outside space (patio area to ground floor, balcony to first and second floors)
- Provision for future EV charging installation
These properties benefit from 990 year lease, with no staircasing restrictions.
*Specification is subject to change*
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor PlanMap
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 25%, full price £255,000, £3,188 Min Deposit. Calculated using a representative rate of 5.26%