2 bedroom apartment for sale
Flat 10 Brant Court, Riverside Close, RM1 1EG
Share percentage 45%, full price £300,000, £13,500 Min Deposit.
Share percentage 45%, full price £300,000, £13,500 Min Deposit.
Monthly Cost: £1,414
Rent £558,
Service charge £171,
Mortgage £685*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Are you eligible for a Shared Ownership home?
Eligibility will vary depending on which property you are looking at purchasing, the property size and whether there are any criteria imposed by the local authority.
General Shared Ownership eligibility criteria
- You must be aged 18 or older.
- Your annual household income if buying outside of London must be less than £80,000.
- Your annual household income if buying in London must be less than £90,000.
- You will normally be a first time buyer or be in the process of selling your home. You must not own any other property at the time you buy your new home.
- You should not be able to afford to buy a home on the open market which is suitable for your housing needs.
- You must be able to show you are not in rent or mortgage arrears.
- You must be able to demonstrate that you have a good credit history (no County Court Judgements or bad debts) and can afford the costs and regular payments involved in buying a home.
Please note: You should always check the eligibility required with the specific development, as there may be specific criteria.
Priority for Shared Ownership:
In some instances, priority for Shared Ownership properties can be given to applicants:
- That work for the Armed Forces / Ministry of Defence.
- Who are council and housing association tenants.
- Who live or work in the borough in which the property is located over those who currently live or work outside it.
- On some developments, secondary priority is given to applicants who live or work in the neighbouring borough
Summary
This stunning 2-bed home is a great fit for first-time buyers. With an allocated parking space and a modern bathroom.
Description
This stunning and spacious home is a great fit for first-time buyers. With an allocated parking space and a modern bathroom, this two-bedroom first floor flat is the perfect opportunity for first time buyers or anyone wanting to relocate to Romford. Situated in a sought-after location close to a range of local amenities such as schools, parks, local shops, bus stops and restaurants, Romford train station and major road links.
Accommodation comprises a light-filled entrance hallway, a spacious living room, a classic kitchen, a modern bathroom a sizable single bedroom and a double bedroom with built-in wardrobes.
**This property is also offered with shared ownership. 100% ownership is £300,000, 45% ownership is £135,000**
With an influx of interest in this property, book a viewing today!
Tenure: leasehold
Council tax: C
Lease Remaining: 108
Current ground rent: £520.49 Per Month
Ground rent review: every 0 months
Annual ground rent increase: 1%
Key Features
- Two Bedroom First Floor Flat
- Sought after Location
- Close to local amenities
- Allocated parking
- Double glazing
- Communal Garden
- Located within 0.7 miles of Romford station
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 45%, full price £300,000, £13,500 Min Deposit. Calculated using a representative rate of 4.64%
