Armistice Avenue, CM1 6AR

Shared Ownership

Full Market Value - £330,000

You Pay (45%) - £148,500

Monthly Rent - £184.21

Service Charge - £213.57

Annual Ground Rent - £100.00

Council Tax Band: D

125 year lease commenced in September 2016 - 118 years remaining

New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

This apartment consists of an open-plan kitchen and living area, flooded with light from floor-to-ceiling windows, opening out onto a private balcony overlooking the communal gardens. The kitchen is fitted with white gloss and white oak effect wall and base units, with stylish under-cupboard lighting, a grey oak effect worktop, and grey tiling splashback. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan, and dishwasher. Two bright and airy double bedrooms, with the main bedroom benefitting from a shower en-suite and a built-in mirrored sliding wardrobe. The family bathroom comes complete with a white three-piece suite with a shower over the bath, and stone tile surround. This apartment also benefits from an allocated parking space.

Beaulieu is avibrant new district for Chelmsford offering inspirational architecture and landscape. It has its own unique identity inspired by its rich heritage, offering premium housing and exemplary community facilities. The newly opened Beaulieu Square offers residents the convenience of a Sainsbury's Local, whilst Chelmsford city centre benefits from an array of independent stores.

A wide range of facilities are being provided including two new primary schools and a secondary school; community, health, sport and retail amenities together with an extensive network of parkland and green open spaces. The development includes a new day nursery, primary and secondary school plus Kip McGrath Education Centre. Meanwhile, the well-respected New Hall Independent School and the Boswells Secondary School are close by.

Beaulieu is perfectly placed to provide residents with enhanced connections to Chelmsford city centre and beyond. Network Rail are set to develop a new railway station at Beaulieu, making commuting to the capital even quicker and easier. In addition, a new relief road will be built enabling a more convenient link between the A130 and A12.

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 £34,460. If you are offered the property, 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 2023.