Wellington House, RM2 6JD

Shared Ownership

Full Market Value:  £285,000

Share Value (50%):  £ 142,500

Monthly Rent:         £420.51

Service Charge:      £123.86

Council Tax Band:   D

125 year lease commenced April 2004 - 104 years remaining

EWS1 -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.

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

L&Q welcomes you to view this two bedroom, ground floor apartment.

The kitchen is fitted with grey wall and base units and a wood effect worktop. The kitchen also benefits from integrated appliances including a oven, hob and extractor fan. Both bedrooms are bright and airy. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. One storage cupboard in hallway. One allocated space and garage. Please note the ground rent is included within the service charge.

Ideally located for Gidea Park's Elizabeth Line, which takes you directly into the London, it also benefits from the A12, A127 and Romford's overground in the surrounding areas. Further a wide selection of local shops, schools, amenities and green spaces make this an well sought after property.

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 £47,782. 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.com and 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 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.