Full Market Value
£300,000
Share Value(50%)
£150,000
Monthly Rent
£324
Service Charge
£111
Minimum Income
£37,150
Shared ownership
Full Market Value: £ 300,000
Share Value (50%): £ 150,000
Monthly Rent: £ 323.85
Service Charge: £ 111.33
99 year lease commenced April 2006 - 83 years remaining
Please note that at the current time, external wall certification (EWS1) is not available for this property. Mortgage lenders may request this certificate before they will provide a formal mortgage offer. More information and frequently asked questions regarding this subject can be found on the lq Group website by searching “EWS1”
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.
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.
Gidea Park Railway Station is within a mile with Journey time to Liverpool Street in approximately 31 minutes. Road links to the A12 within 0.5 miles with and the M25 within 2.8 miles. Local bus links to the surrounding areas.
Hilldean and Gidea Park Primary School and Royal Liberty Secondary School is within 1.00 mile.
For a spot of shopping, The Brewery in Romford is within 1.6 miles offering a range of high street stores.
If you like to keep fit, David Lloyd Leisure Centre is within 1.3 miles and Central Park Leisure Centre is within 1.8 miles
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 £37,150. 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 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 October 2021.