Shared Ownership
This superb modern home is available to buy from as little as £65,000 with a 25% share!
Offered for sale with no onwward chain, this fourth floor apartment benefits from its own private balcony. The property comprises a spacious reception room with access onto the balcony, a fitted kitchen, two bedrooms, a family bathroom and an en-suite shower room to the principal bedroom.
Charrington Court occupies a highly convenient position in central Romford, placing a wide range of shops, restaurants and everyday amenities within easy reach. The town centre provides extensive retail and leisure facilities, including The Liberty Shopping Centre and The Brewery, making the apartment particularly well suited to buyers wanting everything close at hand.
Transport connections are a particular highlight, with Romford Station approximately 0.2km from the postcode. The station provides Elizabeth line and National Rail services, giving excellent connections towards Stratford, Liverpool Street and central London, while numerous bus services are also available from the station area.
PRICING & AFFORDABILITY
Full Market Value: £260,000
25% Share Price: £65,000 (rent £446.88pcm)
Minimum 5% Mortgage Deposit (25% share): £3,250
Approximate Service Charges: £168.70pcm*
Shared Ownership Lease: 999 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
NB - the apartment block has an 'A1' rating on the EWS1 fire safety assessment,
