Rennoldson Green

SHARED OWNERSHIP

Full Market Value:  £295,000

Share Value (25%):  £73,750

Monthly Rent:         £401.87

Service Charge:      £212.17

Annual Ground Rent: £350.00

Council Tax Band:    C

125 year lease commenced January 2017 - 117 years remaining

EWS1 - 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.

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

This apartment consists of a stylish open-plan kitchen and living area, flooded with natural light from the juliet balcony. The kitchen is fitted with matt grey base units and light wood wall units, with under-cupboard lighting, and a grey stone effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob and extractor fan with plumbing for a dishwasher. A utility cupboard houses plumbing for a washing machine. There are two spacious double bedrooms, the master benefitting from an en-suite with shower. The family bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. There are additional storage cupboards in hallway.   The apartment comes with an allocated undercover parking space.

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.

Situated within a conservation area in one of Chelmsford's most desirable locations the St John's development off Wood Street is perfectly placed to make the most of Chelmsford's shopping and transport links.Chelmsford has a pedestrianised High Street with two undercover shopping areas and a popular Saturday market along with plenty of cafes and restaurants. Chelmsford train station offers direct links to Central London. A number of bus services stop outside of the development, whilst the A12 and A414 provide road links to the M25 and M11/Stansted airport.

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 £37,476. 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. 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 November 2024.

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

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

Situated within a conservation area in one of Chelmsford's most desirable locations the St John's development off Wood Street is perfectly placed to make the most of Chelmsford's shopping and transport links.Chelmsford has a pedestrianised High Street with two undercover shopping areas and a popular Saturday market along with plenty of cafes and restaurants. Chelmsford train station offers direct links to Central London. A number of bus services stop outside of the development, whilst the A12 and A414 provide road links to the M25 and M11/Stansted airport.

Parking

• Allocated parking

Others

• Central heating
• Double Glazing

Outside space

• Communal Garden

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