2 bedroom apartment for sale
Regiment Gate, CM1 6BQ
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Monthly Cost: £1,208
Rent £334,
Service charge £218,
Mortgage £656*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Two bedroom two bathroom apartment in popular location
Description
SHARED OWNERSHIP
Full market value - £325,000
You pay (40%) - £130,000
Monthly rent - £333.71
Service charge - £217.59
Annual ground rent -£100
Council Tax Band: D
125 year lease commenced August 2018 (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.
Enter this well presented apartment via a spacious hallway with fitted cupboards. Two double bedrooms are to your left, the master having a fitted wardrobe and ensuite shower room. The dual aspect open plan living area opens onto a good sized balcony. A contemporary family bathroom completes the accommodation.
This apartment is situated in a block located within close proximity to an array of amenities and a short distance to Chelmsford City centre. Chelmsford City offer a wide range of amenities including a wealth of restaurants and bars.
The city is very popular for the commuter with its mainline train station providing a frequent service to London Liverpool street station. The apartment is also close to the park and ride which provides direct access into Chelmsford City centre.
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 £45,701. 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 November 2024.
Key Features
- Good location
- Two allocated parking spaces
- Integrated appliances
- Pet freindly
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 40%, full price £325,000, £13,000 Min Deposit. Calculated using a representative rate of 4.59%
