Regiment Gate
£130,000 for a 40% share
Property description
Two bedroom two bathroom apartment in popular location
Property address
Regiment Gate, Springfield, CM1 6BQ
2 
2 Shared Ownership
SHARED OWNERSHIP
Full market value - £325,000
You pay (40%) - £130,000
Monthly rent - £333.71
Service charge - £217.59
Annual ground rent - £100
Council Tax Band: D
125 year lease commenced August 2018 (118 years remaining)
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
Enter this well presented apartment via a spacious hallway with fitted cupboards. Two double bedrooms are to your left, the master having a fitted wardrobe and ensuite shower room. The dual aspect open plan living area opens onto a good sized balcony. A contemporary family bathroom completes the accommodation.
This apartment is situated in a block located within close proximity to an array of amenities and a short distance to Chelmsford City centre. Chelmsford City offer a wide range of amenities including a wealth of restaurants and bars.
The city is very popular for the commuter with its mainline train station providing a frequent service to London Liverpool street station. The apartment is also close to the park and ride which provides direct access into Chelmsford City centre.
You 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 £45,701. If you are offered the property, 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. Please visit our website www.lqhomes.com to register and obtain your unique registration 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 November 2024.
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 | £325,000 |
|---|---|
| Minimum Share Percentage | 40% |
| Minimum Share Value | £130,000 |
| Monthly Service Charge | £218 |
| Minimum Deposit | £13,000 |
This apartment is situated in a block located within close proximity to an array of amenities and a short distance to Chelmsford City centre. Chelmsford City offer a wide range of amenities including a wealth of restaurants and bars.
The city is very popular for the commuter with its mainline train station providing a frequent service to London Liverpool street station. The apartment is also close to the park and ride which provides direct access into Chelmsford City centre.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Pets allowed
Outside space
- Communal Garden