2 bedroom apartment for sale
Bryant Link, CM2 6GZ
Share percentage 75%, full price £227,500, £17,063 Min Deposit.
Share percentage 75%, full price £227,500, £17,063 Min Deposit.
Monthly Cost: £1,091
Service charge £225,
Mortgage £866*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Two Allocated Parking Spaces, Good EPC Rating, Pets Allowed
Description
Shared Ownership
Full Market Value: £227,500
Share Value (75%): £170,625
Monthly Rent: £ 0
Service Charge: £ 225.38
Council Tax Band: C
125 year lease commenced September 2002 - 103 years remaining
EWS1 - This building has been assessed and deemed compliant via its FRA.
L&Q welcomes you to view this two bedroom, second floor apartment.
Thisbright andspacioussecond floor apartment consistsof a bright living area, flooded with natural light. Separate kitchen is fitted with beech wall and base units, and a balck worktop. The kitchen also benefits from integrated appliances including a oven, hob and extractor fan. Spacious main double bedroom benefitting from built-in storage cupboards. Bright and airy second double bedroom. The bathroom comes complete with three piece suite with a shower and a stone tile surround. Additional double storage cupboards in hallway. Two allocated parking spaces.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
There are regular bus links to Colchester and Chelmsford City centre, including journeys straight to Chelmsford's recently refurbished train station. ASDA supermarket and small shopping parade are located a short walk away. Sainsburys and Aldi supermarkets are also positioned just a little further. Child friendly restaurants are within easy reach as well as a traditional local pubs. There are play parks nearby with lovely riverside walks along the banks of the Chelmer.
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 £41,530. If you are offered the home, 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 June 2024.
Key Features
- Two bedrooms, master with fitted wardrobes
- Two storage cupboards in hallway
- Two allocated parking spaces
- Pets Allowed
- Central heating
- Good EPC Rating
Particulars
Tenure: Leasehold
Lease Length: 103 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 75%, full price £227,500, £17,063 Min Deposit. Calculated using a representative rate of 4.64%
