2 bedroom apartment for sale

Available

Blueberry Court, Holmeoak Avenue, Rainham, RM13 8JG

£81,250 Shared Ownership Resale

Share percentage 25%, full price £325,000, £8,125 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£81,250 Shared Ownership Resale

Share percentage 25%, full price £325,000

Monthly Cost: £1,285

Rent £739, Service charge £136, Mortgage £410*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This well-presented apartment is on the top floor and the elevation provides a sweeping and unobstructed view from the large, south-facing balcony. Internal features include a twenty-five-foot, dual-aspect reception room with attractive, open-plan kitchen area. There is a spacious main bedroom with built-in wardrobe plus a second, good-sized, double bedroom, a stylish, naturally-lit bathroom and a large hallway storage/utility cupboard. Blueberry Court is a recently-constructed development and the well insulated walls, high performance glazing and communal heating/hot water system all contribute towards a very good energy-efficiency rating. The apartment comes with use of a space within the gated, underground car park and the A13 offers a direct route into central London or out to the M25. Rainham town centre and railway station can also be easily reached by bus or bike and nearby Beam Parklands Country Park provides many acres of outside space to explore.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £325,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2w9b5wdz]

(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 01/01/2020).
Minimum Share: 25% (£81,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £739.28 per month (subject to annual review).
Service Charge: £136.27 per month (subject to annual review).
Guideline Minimum Income: Dual - £41,200 | Single - £47,500 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Havering. 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. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £8,125
  • Guide Min Income Dual £41.2k | Single £47.5k
  • Top Floor (fourth - building has a lift)
  • Approx. 850 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception Room
  • Very Good Energy Efficiency Rating
  • Large, South Facing Balcony
  • Secure Parking Space
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Dagenham East (1.09 miles) Dagenham Dock (1.15 miles) Rainham (1.15 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£81,250
Shared Ownership Resale
Estimated Monthly Cost:£1,285
Rent £739
Service £136
Mortgage £410

Share percentage 25%, full price £325,000, £8,125 Min Deposit. Calculated using a representative rate of 4.59%

Disclaimer
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.