Swaffham Court, RM6 4UB

SHARED OWNERSHIP

Full market value - £245,000

You pay (35%) - £85,750

Monthly rent - £549.71

Service charge - £202.47

Annual ground rent -£0

Council Tax Band: C

125 year lease commenced April 2004 (104 years remaining)

For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this apartment*

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 comprises a lounge/diner, separate kitchen, two double bedrooms and a family bathroom.

Chadwell Heath Railway Station is within 1 mile away offering services to London Bridge, Goodmayes Railway Station is within 1.2 miles away offering services to Liverpool Street, Newbury Park Station is within 2.9 mile away offering overground and underground services. The underground station is on the Central line. The A12 is within 0.6 miles away with links to M25 and M11 and also offering links to the Blackwall Tunnel, Chelmsford and Colchester. Numerous local bus routes stop outside the development.

For shopping, you have a choice of either Ilford or Romford Town Centre, or located a little further afield is Lakeside Retail Park providing a wealth of shops, bars, restaurants, cinemas and much more. Get back to nature in some of the boroughs 1200 acres of forest and 600 acres of parks and green spaces. Enjoy a day out at Fairlop Waters, a sports complex with a 40 acre lake and golf course, ideal for water sports enthusiasts to try out their canoeing skills or golfers to practice their swing. Or venture into Essex picturesque countryside and explore its quaint villages, or visit Colchester Zoo.

You 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 £44,691. 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. Please visit our website www.lqhomes.com to register and obtain your unique registration 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 August 2024.

*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.