Full Market Value
£305,000
Share Value(35%)
£106,750
Monthly Rent
£158
Service Charge
£140
Minimum Income
£26,755
Shared ownership
Full market value – £305,000
You pay (35%) - £106,750
Monthly rent – £157.59
Service charge - £140.08
Ground rent payable - N/A
99 year lease commenced October 2014 - 92 years remaining
We are following the RICS guidance with requirement for EWS1 forms, however we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
Located in the St John's development off Wood Street in Chelmsford within close proximity to local amenities, shops and restaurants.
Chelmsford City Centre offers good shopping facilities on the High Street and two shopping precincts.
Chelmsford train station offers direct links to Central London. A number of bus services stop outside of the development, The A12 and A414 provide road links to the M25 and M11 and Airport: Stansted.
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 £26,755. 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 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 May 2021.