Full Market Value
£295,000
Share Value(35%)
£103,250
Monthly Rent
£152
Service Charge
£204
Minimum Income
£35,891
Shared ownership
Full market value – £295,000
You pay (35%) - £103,250
Monthly rent – £151.94
Service charge - £204.41
Ground rent payable - N/A
99 year lease commenced October 2014 - 92 years remaining
Allocated parking
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.
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.
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 £35,891. 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 August 2021.