Flat for sale in Mary Munnion Quarter, Chelmsford CM2
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Utilities and more details
Property features
- Long Term Lease
- Good EPC Rating
- Storage in hallway
- Good Transport Links
- Allocated Parking
Property description
Shared Ownership
Full Market Value: £220,000
Share Value (35%): £77,000
Monthly Rent: £177.78
Service Charge: £220.60
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.
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 1 bedroom, ground floor flat.
This bright and spacious apartment consists of an open-plan kitchen and living area, flooded with natural light from wide windows. The kitchen is fitted with white high gloss wall and base units, with under-cupboard lighting, and a granite 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 built-in sliding wardrobes. The bathroom comes complete with a white three-piece suite with a shower over bath and a white tile surround. Additional double storage cupboards in hallway. 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.
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 £30,311. 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 August 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.
Property info
For more information about this property, please contact
L&Q - Pre Owned Shared Ownership Homes, E15 on +44 20 8022 5439 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by L&Q - Pre Owned Shared Ownership Homes, and do not constitute property particulars. Please contact L&Q - Pre Owned Shared Ownership Homes for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.