1 bedroom apartment for sale
Tylers Ride, South Woodham Ferrers, Chelmsford, CM3 5ZE
Share percentage 50%, full price £185,000, £13,875 Min Deposit.
Share percentage 50%, full price £185,000
Monthly Cost: £717
Rent £65, Service charge £195, Mortgage £457*
Calculated using a representative rate of 4.94%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A smartly-presented, first-floor flat which has a spacious reception room with semi-open-plan kitchen and a dedicated home office area. From here, doors open onto two separate west-facing balconies. there is a generously-sized bedroom, with fitted wardrobe, and a stylish bathroom. A built-in storage/utility cupboard has been provided in the entrance hallway and well insulated walls and gas central heating make for a good energy-efficiency rating. The property comes with an allocated, off-street parking space plus access to the communal cycle store. There are shops, a leisure centre, Saltcoats Park and Compass Gardens all close by. South Woodham Ferrers Railway Station for Greater Anglia services including peak-time trains into London Liverpool Street, is also within easy reach.
SHARED OWNERSHIP (Advertised price represents 50% share. Theoretical full market value £185,000)
Please Note: This is a Capped Equity property. 'Staircasing' is restricted to a maximum of 80%.
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3m7vwyka]
(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 (155 years less 3 months from 01/01/2005).
Minimum Share: 50% (£92,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £64.66 per month (subject to annual review).
Service Charge: £195.01 per month (subject to annual review).
Guideline Minimum Income: Dual - £22,700 | Single - £24,500 (based on minimum share and 15% deposit).
Council Tax: Band B, 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. Pets may be permitted but only with prior consent from Clarion (which can only be obtained once you are the property owner).
Key Features
- Guideline Minimum Deposit £13,875
- Guide Min Income Dual £22.7k | Single £24.5k
- First Floor
- Approx. 553 Sqft Gross Internal Area
- Semi-Open-Plan Kitchen/Reception Room
- Spacious Bedroom with Fitted Wardrobe
- Stylish Bathroom
- Good Energy Efficiency Rating
- Two Balconies
- Parking Space
Particulars
Tenure: Leasehold
Council Tax Band: B
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 50%, full price £185,000, £13,875 Min Deposit. Calculated using a representative rate of 4.94%
Calculate estimated monthly costs