Buy with Shared Ownership a 40% share at 157,500 with a deposit of 7,875. Shares are available up to 75% for initial purchase. A great opportunity to get onto the property ladder and live in this contemporary spacious one bedroom apartment.
This third floor apartment has an open plan kitchen, lounge, dining area with large windows and balcony. The gloss grey handle less kitchen is designed and installed by Commodore Kitchens and includes Zanussi integrated fridge/freezer, oven, gas hob and integrated hood with coordinating worktops and upstand.
The bathroom has large format tiling, bath with Mira thermostatic shower and glass shower screen with a chrome heated towel rail.
Each apartment is SkyQ enabled, has a combination boiler and video entry system. There is a parking space allocated to each home and a bike store at ground level.
Situated in a prime location, you have all the benefits of Essex's largest leisure and retail park, Intu's Lakeside. This 200 acre shopping centre offers leisure and dining, such as Hollywood Bowl, Vue, Five Guys and Wagamamas along with a huge retail offering from All Saints to Zara and everything inbetween.
Chafford Hundred Railway Station on the C2C line is a 15 minute walk, affording you access to such destinations as Barking (18 minutes), London Fenchurch Street (33 minutes) and Southend (41 minutes). If you prefer to drive, the M25 and Dartford Crossing are minutes away along with the A13 which can take you into East London and City Airport in around 25 minutes or out towards the seaside in Southend in around 60 minutes
Full market value: 210,000
75% share value: 157,500
5% deposit: 7,875
Rent charged on unowned share : 2.75%
Rent on unowned share (25%) : 121 per month
What is Shared Ownership?
If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 40% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
About Legal and General Affordable Homes
Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.