2 bed flat for sale

Primula Court, Primrose Hill, Chelmsford CM1

Shared ownership

Full Market Value - £240,000

You Pay (40%) - £96,000

Monthly Rent - £505.81

Service Charge - £192.48

Annual Ground Rent - N/A

Monthly Water Charge - £26.04

Council Tax Band - C

99 year lease commenced in June 2015 - 90 years remaining

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.

All rooms lead from a central hallway in this apartment. The well-proportioned reception room has a juliette balcony. The kitchen has a range of white shaker style wall and base units, integrated oven, bob and extractor, with spaces for white goods and room for a small table. One of the two double bedrooms has fitted storage. A tiled family bathroom completes the accommodation.

Primrose Hill is conveniently located to local schools, shops and transport links in and around Chelmsford and is only 0.4 miles away from Chelmsford mainline railway station. Chelmsford City centre is also within easy walking distance with it's shopping facilities, pubs 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 £44,660. 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 of 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.