Primula Court, Primrose Hill, Chelmsford, Essex CM1 2FZ

£48,750 Shared Ownership

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  • Guideline Minimum Deposit £4,875
  • Guideline Income Dual £18.3k | Single £21.9k
  • Second Floor with Juliette Balcony
  • Approx. 525 Sqft Gross Internal Area
  • South-West Facing
  • Kitchen is Separate from Reception
  • Communal Heating and Hot Water
  • Short Walk from Chelmsford Station

General Description

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

 

SHARED OWNERSHIP. (Advertised price represents the minimum 25% share. Full market value £195,000). This one-bedroom apartment is on the second floor and features a south-west-facing reception room with Juliette balcony. There is a separate kitchen/dining room, a naturally-lit bathroom and a good-sized bedroom with fitted wardrobe. Energy-efficiency and environmental-impact ratings are very good thanks to well insulated walls, modern double glazing and a communal heating and hot water system. Chelmsford Station, for services to a number of destinations including trains into London Liverpool Street, is only a short walk away.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2znhgaB]

(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.)

 

Tenure: New 125 year lease
Minimum Share: 25% (£48,750).
Shared Ownership Rent: 2.75% per year. (Subject to annual review)
Service Charge: £117.58 per month. (Subject to annual review)
Guideline Minimum Income: Dual - £18,300 | Single - £21,900 (based on minimum share and 10% deposit)
Council Tax: Band B, Chelmsford. 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). There is no parking space offered with this property.

Dimensions

Reception ( Reception Room )
13' 10" max. x 11' 4" (4.22m x 3.45m)
Bedroom
11' x 10' (3.35m x 3.05m)
Kitchen ( Kitchen/Dining Room )
12' 9" max. x 9' (3.89m x 2.74m)
Bathroom
Energy Effeciency Rating

Floorplans


Shared Ownership

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Location

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