Available

£153,750

Lotus Close, IG7 4FF
Share 25% / Full price £615,000 / Min deposit £15,375

House
5 bedrooms
3 bathrooms
Pets allowed

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Summary

Rarely available, five bedroom house.

Eligibility

You can apply to buy the home if all of the following apply:

  • your household income is £90,000 or less
  • you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

  • you're a first-time buyer
  • you used to own a home but cannot afford to buy one now
  • you're forming a new household - for example, after a relationship breakdown
  • you're an existing shared owner, and you want to move
  • you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Description

*** If you would like to arrange a viewing for this property please click to register your interest. If you have an eligible Shared Ownership application with L&Q, you will be sent the sellers contact information to arrange a viewing ***

Shared Ownership

Full Market Value: £615,000

Share Value (25%): £153,750

Monthly Rent: £858.63

Service Charge: £93.41

Annual Ground Rent: £100.00

Council Tax Band: E

125 year lease commenced March 2019 - 117 years remaining

L&Q welcomes you to view this five bedroom, terraced house.

This home is arranged over three floors. There is a large kitchen diner on ground floor with doors to the garden. There is a bedroom on the ground floor together with a WC/Cloakroom. There is a generous reception room on the first floor, with a bedroom to the rear. This bedroom has the benefit of an en-suite shower room and fitted wardrobes. On the top floor there are three further bedrooms, two doubles and a single, together with the family bathroom.

This house is located within the well-regarded Oaklands Hamlet development which is situated adjacent to Hainault Forest Golf Club. Hainault tube station on the Central line connects to central London, the wider underground network and mainline train stations. Chadwell Heath mainline station, just 3.5 miles away, benefits from Crossrail, providing faster, direct connections to the city and beyond.

Everyday shopping needs are catered for at the Tesco Metro just over a mile from the development. Or the local Waitrose in Buckhurst Hill, Aldi in Ilford and Sainsbury's in Woodford Green are close by. Just 4 miles away in Romford your choice is extended at The Liberty, The Brewery and Romford Shopping Hall that offer a range of High Street favourites, plus bowling and a cinema.

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 £61,286. 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. 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 at May 2026.

Description

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Material information

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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy Ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.
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Monthly cost calculator
£153,750 Shared Ownership Resale Full price £615,000
Estimated monthly cost £1,756
£

How is this calculated?

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