2 bedroom house for sale
Ashmeads, Great Baddow, Chelmsford, CM2 9FJ
Share percentage 25%, full price £365,000, £9,125 Min Deposit.
Share percentage 25%, full price £365,000
Monthly Cost: £755
Rent £264, Service charge £30, Mortgage £461*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This modern, semi-detached property has a twenty-one-foot reception room with a bay window at one end and an open-plan kitchen at the other. A rear hallway provides access to a ground-floor cloakroom/WC as well as to the south/south-west-facing garden. Upstairs, on the first floor, there is a spacious main bedroom with built-in storage plus a second, comfortable, double bedroom and a naturally-lit bathroom large enough to include a separate shower cubicle. Well insulated walls and roof, double glazing and gas central heating make for a good energy-efficiency rating. Ashmeads is in the Great Baddow suburb of Chelmsford, just a few minutes walk from Hamptons Leisure Centre. The railway station, shopping district and other amenities of the city centre are only a short drive away and can also be easily reached by bike or via local bus. The house comes with forecourt parking space for two cars.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £365,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/39wxfys4]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/01/2009).
Minimum Share: 25% (£91,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £263.88 per month (subject to annual review).
Service Charge: £30.20 per month (subject to annual review).
Guideline Minimum Income: Dual - £24,100 | Single - £26,600 (based on minimum share and 10% deposit).
Council Tax: Band C, Chelmsford City Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £9,125
- Guide Min Income Dual £24.1k | Single £26.6k
- Two Storey, Two Bedroom, Semi Detached House
- Approx. 729 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Modern Double Glazing and Gas Central Heating
- South/South-West Facing Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
- Service Charge: covers maintenance costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £365,000, £9,125 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
