Abell Way

SHARED EQUITY

Full Market Value:  £228,000

Share Value (75%):  £171,000

Monthly Rent:         £ 0

Service Charge:      £ 225.17

Council Tax Band:    C

125 year lease commenced September 2002 - 103 years remaining

EWS1 - This building has been assessed and deemed compliant via its FRA.

For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this property*

L&Q welcomes you to view this two bedroom, second floor apartment.

This second floor apartment has a generous dual aspect reception room. The separate kitchen/diner is fitted with beech wall and base units, and a black worktop. There are two double bedrooms, the master with built in storage.   A part tiles family bathroom completes the accommodation. 

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

Located in the desirable Chancellor Park community, this property enjoys all the advantages of a highly sought-after location. The area includes well-maintained parks, making it ideal for families who enjoy outdoor activities. A variety of local amenities are just a short distance away, including shops, cafes, and leisure facilities, ensuring everything you need is within easy reach. Chancellor Park is also known for its excellent schools, making this home a perfect choice for families seeking strong educational opportunities for their children.  There are regular bus links to Colchester and Chelmsford City centre, including journeys straight to Chelmsford's recently refurbished train station.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £41,592. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of January 2025.

*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.

This is an indication of how much these apartments might cost.

For more detailed information please register your interest in this property.

Located in the desirable Chancellor Park community, this property enjoys all the advantages of a highly sought-after location. The area includes well-maintained parks, making it ideal for families who enjoy outdoor activities. A variety of local amenities are just a short distance away, including shops, cafes, and leisure facilities, ensuring everything you need is within easy reach. Chancellor Park is also known for its excellent schools, making this home a perfect choice for families seeking strong educational opportunities for their children.  There are regular bus links to Colchester and Chelmsford City centre, including journeys straight to Chelmsford's recently refurbished train station.

Parking

• Allocated parking

Others

• Central heating
• Double Glazing
• Pets allowed

Outside space

• Communal Garden

Download Document