1 bedroom apartment for sale
Topaz Court, RM6 4EY
Share percentage 45%, full price £210,000, £9,450 Min Deposit.
Share percentage 45%, full price £210,000, £9,450 Min Deposit.
Monthly Cost: £1,050
Rent £334,
Service charge £239,
Mortgage £477*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
One bedroom second floor apartment. Our Summer Offer: A £1,000 Amazon voucher on completion!*
Description
SHARED OWNERSHIP
Full Market Value: £210,000
Share Value (45%): £94,500
Monthly Rent: £334.07
Service Charge: £238.53
Heat & Water Charges:£99.46
Ground Rent: £250 per annum
Council Tax Band: C
99 year lease commenced May 2016 - 90 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.
For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*
All rooms lead off a central hallway in this apartment including a walk-in store. There is a separate kitchen fitted with a range of white units with black worktops with an integrated oven and hob and spaces for a fridge freezer and washing machine. The square lounge behind the kitchen, currently used as a bedroom opens onto a larger than average private balcony. A double bedroom complete with fitted wardrobe and a family bathroom complete the accommodation.
Chadwell Heath overground station, provides services to Liverpool Street in 30 minutes every 10 minutes, and it will also operates on the Elizabeth Line, connecting the area with Central London and to Reading and Heathrow Airport.
The High Road has an array of shops and services from hair salons to dry cleaners and a post office. There are also major supermarkets, restaurants, pubs and cafés. Head to Romford for bigger chains and, of course, Westfield Stratford is only 30 minutes away on the train.
Looking for some exercise? Explore St Chad's Park with its gardens and wildlife conservation area or Hainault Forest Country Park with its 300 acres of countryside. Alternatively, don your lycra and head to the Redbridge Cycling Centre.
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£39,851.If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants 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 aproperty in one ofour schemes. In order to register, please visit our website lqhomes.com to register and 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 correctas of September 2024.
*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, 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 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 1-bedroom resales shared ownership apartment.
Key Features
- Electric heating (not tested)
- Communal garden
- Entry phone System
- Parking by rental agreement subject to availability
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document 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 £210,000, £9,450 Min Deposit. Calculated using a representative rate of 4.59%