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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom

Features

  • Leasehold
  • Living area open plan to kitchen and with door to balcony.
  • Kitchen fitted with high gloss grey wall and base units and a black worktop with integrated oven and hob, fridge freezer, dishwasher, washer/dryer and microwave.
  • Two double bedrooms, one with fitted mirrored wardrobe and door leading to balcony.
  • Bathroom fitted with white suite and shower over bath.
  • Two storage cupboards in hallway.
  • Laminate flooring in living area with carpet to bedrooms.
  • Underfloor heating (not tested).
  • Double glazing.
  • Low energy LED lighting in all fixed outlets.

Listing view statistics

Last 30 days: 298 page views

Since listed: 1092 page views

Description

Full Market Value
£250,000

Share Value(75%)
£187,500

Monthly Rent
£170

Service Charge
£184

Minimum Income
£42,188

Shared ownership

Full market value – £250,000

You pay (75%) - £187,500

Monthly rent – £170.26

Service charge - £183.70

Ground rent payable - £350 pa

125 lease commenced January 2006 (111 years remaining)

please note there is no parking

The development was built in 2006 and sits within easy access to Romford Town Centre, which has a range of amenities and station, which links into London Liverpool Street. Elm Park underground station is 2.0 miles away with access to the District line.

For shopping, you have a choice of either Ilford or Romford Town Centre, or located a little further afield is Lakeside Retail Park providing a wealth of shops, bars, restaurants, cinemas and much more.

Get back to nature in some of the Borough's 1200 acres of forest and 600 acres of parks and green spaces.

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 £42,188. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note; 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 the property for our schemes. If you are not registered please visit our website 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 at July 2020

You could get

Fast broadband Fast broadband

Up to 23.3 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Romford 0.1 miles
  • Gidea Park 1 miles
  • Bep Academy 0.3 miles
  • The Bridge (SEN) 0.4 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Romford 0.1 miles
  • Gidea Park 1 miles
  • Bep Academy 0.3 miles
  • The Bridge (SEN) 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in RM1:

  • £252,367
  • Price decrease

  • -£2,552
  • (-1.001%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £222,784
  • Properties sold

    51

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in RM1 is currently:

£1,274 pcm

Recent sales nearby

See all recent sales in RM1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
27th Jul 2020 £187,500 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by L&Q. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact L&Q for full details and further information.