1 bed flat for sale

Primula Court, Primrose Hill, Chelmsford CM1

Shared ownership

Full Market Value - £235,000

You Pay (30%) - £70,500

Monthly Rent - £ 462.81

Service Charge - £178.46

Annual Ground Rent - £350

Monthly water charge - £25.31

Monthly parking charge - £34.10

99 year lease commenced in June 2015 - 89 years remaining [Lease extension available]

Council Tax Band: B

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.

This larger than average first floor apartment offers a dual aspect living area with double doors to a good sized east facing balcony perfect for relaxing or dining. There is a separate kitchen fitted with white units and wooden worktops and an integrated oven hob and extractor with spaces for white goods. The large double bedroom has fitted wardrobes and the bathroom includes a shower over the bath.

Located just a short walk from Chelmsford's mainline station, this apartment is perfect for those needing quick and easy access to London, with direct trains to Liverpool Street. The A12 and A414 provide road links to the M25 and M11/Stanstead airport.

Chelmsford has a pedestrianised High Street two shopping precincts and hugely popular Bond Street with John Lewis store. There is also many leisure facilities including Riverside Ice Rink and leisure centre. There is a popular Saturday market along with plenty of cafes and restaurants.

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 £37,852. 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 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 February 2025.

*The £500 B&Q Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st August 2025 and then completes on the sale before 31st December 2025. The voucher will be supplied within 75 days of completion of the purchase and will be an e-Voucher, issued by email to the Sole or Primary Purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. L&Q reserve the right to remove an incentive at any time.