2 bedroom apartment for sale
Hazelnut Court, RM3 0FS
Share percentage 30%, full price £340,000, £10,200 Min Deposit.
Share percentage 30%, full price £340,000, £10,200 Min Deposit.
Monthly Cost: £1,276
Rent £545,
Service charge £213,
Mortgage £518*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Allocated Parking - Private Balcony - Pets Allowed
Description
Shared Ownership
Full Market Value: £340,000
Share Value (30%): £102,000
Monthly Rent: £544.52
Service Charge: £213.06
Council Tax Band: C
99 year lease commenced March 2014 - 88 years remaining
EWS1 - There is an EWS1 Certification available for this property and this is a B1 Rating.
L&Q welcomes you to view this two bedroom, third floor apartment.
Thisbright apartment consistsof amodern open-plan kitchen and living area, with lots of natural light from wide floor-length windows, with access to private balcony. The kitchen is fitted with white gloss wall and base units, and a granite effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, and extractor fan. Spacious main double bedroom benefitting from a built-in storage cupboard. Bright and airy second bedroom, overlooking the private balcony. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboards in hallway. One allocated parking space.
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.
Ideally located for local shops, schools, amenities and green spaces the area has excellent transport links including the A127, A12 and Harold Wood station's Elizabeth Line with direct access to Liverpool Street. You can shop until you drop at The Brewery and The Liberty shopping centres, just 3 miles away in the bustling town of Romford. They offer over 100 stores and in addition Romford's historic market. With both secondary and primary schools within the local area, Kings Park's leafy surroundings make up a contemporary community environment.
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 £47,915. 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
- Allocated parking
- Private balcony
- Communal Garden
- Additional storage cupboards to hallway
- Approx 0.5 miles from Harold Wood Station, benefitting from the Elizabeth Line
- Entry phone system (not tested)
- Good EPC rating - C
- This property benefits from a sinking fund
Particulars
Tenure: Leasehold
Lease Length: 88 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 30%, full price £340,000, £10,200 Min Deposit. Calculated using a representative rate of 4.64%