Tucked away in a quiet turning off Ongar Road, Kelvedon Hatch is this well-maintained 1st floor apartment which comes to the market, available to purchase on a 25% shared ownership scheme. An ideal purchase for a first-time buyer, the shared ownership scheme is a great way to take your first step onto the property ladder and subject to approval there may also be the opportunity to purchase the 100% share.
The apartment consists of one double bedroom which has ample space for fitted or freestanding bedroom furniture. A spacious kitchen/diner/lounge which has modern units fitted to the kitchen space, with integrated appliances to include a double oven, hob with extractor above, fridge/freezer, washing machine and dishwasher. Externally the property benefits from allocated parking, plus visitor parking and residents have the use of the communal gardens to the rear. For sale with NO ONWARD CHAIN.
* Please note : Applicants offering on the property will need to meet conditions and be approved by the housing association to proceed with any purchase.
Secure video entry intercom into :
Communal Hallway - Own front door.
Entrance Hall - Built-in storage cupboards. Doors to all rooms.
Kitchen / Diner / Lounge - 5.33m x 5.13m (17'6 x 16'10) - Window to rear aspect.
Bedroom - 4.06m x 2.97m (13'4 x 9'9) -
Exterior - Communal Gardens -
Exterior - Parking - 1 Allocated parking space and further visitor parking.
Agents Note - Shared Ownership Conditions - You’ll need to meet the following criteria to be eligible for shared ownership:
* You must be aged 18 or over
* Your annual household income must be less than £80,000 (£90,000 in London);
* You don’t already own a property, or part of a property, at the time of completing your purchase.
* You’ll need to have a good credit history and have some savings (minimum of £5,000) to cover the costs involved in buying a home. You must also be able to keep up with the monthly rent and mortgage repayments.
For this property there is a monthly rent payable of £590.73 for the remaining 75% share of the property which is payable to the housing association.
Property is available to purchase at 100% ownership - £270,000 (subject to approval)
125 Year lease from 2016
Agents Note - Fee Disclosure - As part of the service we offer we may recommend ancillary services to you which we believe may help you with your property transaction. We wish to make you aware, that should you decide to use these services we will receive a referral fee. For full and detailed information please visit 'terms and conditions' on our website
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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