Flat for sale in Mary Munnion Quarter, Chelmsford 9ft CM2

Shared Ownership

Full Market Value: £300,000

Share Value (30%): £90,000

Monthly Rent: £203.94

Service Charge: £254.37

Council Tax Band: C

99 year lease commenced October 2014 - 89 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.

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

This bright and spacious detached coach house apartment consists of a stylish open-plan kitchen and living area, flooded with natural light from wide floor-length windows. The kitchen is fitted with white wall and base units and a granite stone effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from en-suite with shower and built-in storage cupboards. Bright and airy second double bedroom. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboard in hallway. 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.

Located in the St John's development off Wood Street in Chelmsford, within close proximity to local amenities, shops and restaurants. Chelmsford offers the perfect balance of high street retailers, independent stores and ample entertainment opportunities such as the ice rick, Civic Theatre and multi screen cinemas.

Chelmsford train station offers direct links to Central London, providing a frequent service to London Liverpool Street within 35 minutes and Stratford in just 25 minutes. A number of bus services stop outside of the development, plus the A12 and A414 provide road links to the M25, M11 and Stansted airport.

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 £34,894. 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 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 July 2024.