Wellington House
£130,000 for a 50% share
Property description
Located on a very popular development in Gidea Park
Property address
Kidman Close, Romford, RM2 6JD
2 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value: £260,000
Share Value (50%): £ 130,000
Monthly Rent: £510.73
Service Charge: £127.23
Council Tax Band: D
125 year lease commenced April 2004 - 104 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.
Enter this dual aspect north/south facing apartment via a wide hallway. The generous square reception room opens into a separate kitchen. The kitchen is fitted with a range of cream wall and base units with grey mottled worksurfaces and includes an integrated oven, hob and extractor with spaces for your other white goods. There are two double bedrooms, the larger having fitted storage. A family bathroom with shower over bath completes the accommodation
Wellington House is ideally located minutes from Gidea Park Elizabeth Line station, which takes you directly into the London, There is also easy access to the the A12, A127 and M25. A regular bus route or short drive will take you to the shopping and entertainment of Romford Town Centre as well as large supermarket and more shops at The Gallows Corner Retail Park.
This popular location boasts local amenities in including being within walking distance to the gym, spa and sports facilities of the David Lloyd Centre.
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 £48,824. 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 March 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 | £260,000 |
|---|---|
| Minimum Share Percentage | 50% |
| Minimum Share Value | £130,000 |
| Monthly Service Charge | £127 |
| Minimum Deposit | £13,000 |
Wellington House is ideally located minutes from Gidea Park Elizabeth Line station, which takes you directly into the London, There is also easy access to the the A12, A127 and M25. A regular bus route or short drive will take you to the shopping and entertainment of Romford Town Centre as well as large supermarket and more shops at The Gallows Corner Retail Park.
Parking
- Allocated parking
Others
- Central heating
- Double Glazing