Map2 bedroom flat for sale
Key information
Features and description
- Tenure: Leasehold (108 years remaining)
- 108 Year lease
- 2 Bedrooms
- Balcony
- Lift Access
- Open Plan Lounge/Kitchen
- Shared ownership
- In the heart of Basildon town centre
- Car parking space
Council Tax Band: C
Tenure: Leasehold (108 years)
Service Charge: £264.3 per month
Shared Ownership: 35% being sold, £382.62 per month rental payments
Rooms
Introduction
Shared ownership offers buyers a great affordable option that allows them to get onto the housing ladder, and then grow their investment overtime.
This opportunity allows you to buy 35% of the overall property, and then you pay a share of rent of the remainder that is still in the housing associations ownership.
Once settled in, you can decide to buy more, as your budget grows, or not... the choice is yours.
Accommodation
The property is located on the 2nd floor, with lift access, and is entered via the communal entrance area via a security entry phone system.
Once inside the property, the sense of space is amazing, and the original developer clearly put a lot of thought into the proportionality of the apartment.
At one end of the home there is a good size lounge with kitchen built in. From the lounge there is sliding doors that lead to the balcony, an ideal spot to sit back and enjoy the view.
The kitchen has a range of wall and base units with work surfaces and space for appliances... and don't forget the kitchen sink!
Two bedrooms can be found off the hallway and are both great size rooms, and well presented.
Completing the accomodation is the three piece bathroom suite,
Criteria
You can buy a home through shared ownership if your household earns £80,000 a year or less (or £90,000 a year or less in London) and any of the following apply:
- you’re a first-time buyer
- you used to own a home, but cannot afford to buy one now
- you’re an existing shared owner
- you own a home and want to move but cannot afford a new home that meets your needs
For some homes you may have to already live in, work in, or have a connection to the area where you want to buy the home.
If you already own a home, you must have:
formally accepted an offer for the sale of your current home (called ‘sold subject to contract’ or ‘STC’)
written confirmation of the sale agreed (called a ‘memorandum of sale’) including the price and your intention to sell
You must have completed the sale of your home on or before the date you complete buying your shared ownership home.
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