Abell Way
£172,500 for a 75% share
Property description
Ideal for families, set within the Chancellor Park community
Property address
Abell Way, Chelmsford, CM2 6WU
2 
1 Shared Ownership
SHARED EQUITY
Full Market Value: £230000
Share Value (75%): £172,500
Monthly Rent: £ 0
Service Charge: £ 225.17
Council Tax Band: C
125 year lease commenced September 2002 - 102 years remaining
EWS1 - This building has been assessed and deemed compliant via its FRA.
This home is part of a stock transfer to Chelmer Housing Partnership (CHP)
This first floor apartment has a generous dual aspect reception room. The separate kitchen/diner is fitted with a range of wall and base units, and a black worktop. There are two double bedrooms, the master with built in storage. A part tiled 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 £41,872. 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 February 2025.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £230,000 |
|---|---|
| Minimum Share Percentage | 75% |
| Minimum Share Value | £172,500 |
| Monthly Service Charge | £225 |
| Minimum Deposit | £17,250 |
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