Townsend, CM2 6GB

Shared Ownership

Full Market Value: £190,000

Share Value (75%): £142,500

Monthly Rent: £0.00 (There is no rent to pay on the remaining 25%)

Service Charge: £222.46

Annual Ground Rent: £52.00

Council Tax Band: B

125 year lease commenced September 2002 - 103 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 Amazon voucher to help with your move on this 1 bedroom apartment*

L&Q welcomes you to view this one bedroom, second floor apartment.

Thisbright andspacious apartment consistsof an open-plan kitchen and living area. The kitchen is fitted with beech wood effect wall and base units, with a granite effect worktop. The kitchen also benefits from integrated appliances including a oven, hob, and extractor fan, with space for a fridge freezer and washing machine. Spacious double bedroom benefitting from a built-in storage cupboards. The bathroom comes complete with a white three-piece suite with a shower over bath and a white tile surround. Additional storage cupboards in hallway. One allocated parking space.

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

You'll be spoilt for choice when it comes to spending your leisure time in the beautiful city of Chelmsford. Whether you enjoy a spot of shopping, catching a cricket match or socialising with friends and family over a hearty meal, as a city, Chelmsford offers everything you need. With the River Chelmer running right through the heart of the city, you can relax in one of the waterside eateries such as Bryon or Bills. And with High Chelmer Shopping Centre, Meadows Shopping Centre and the recently opened shopping development - Bond Street, located in the city. Just moments away from the A130, linking you to the A12 in just 10 minutes. The M25 is also just 18 miles away, making London and beyond all within easy reach.

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 £36,042. 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.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 October 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.