2 bed flat for sale

Marlborough Drive, Basildon SS16

This well-presented first-floor apartment offers an excellent opportunity for first-time buyers or eligible purchasers to step onto the property ladder through a shared ownership scheme. Located in the sought-after Langdon Hills area, the property is less than a 5-minute walk to Laindon train station, providing a convenient link to London Fenchurch Street in approximately 35 minutes.

Shared Ownership Details:

25% share price: £60,000.

Full property value: £240,000 (based on a RICS survey; offers below this amount are not permitted due to housing association conditions).

Remaining 75% owned by Notting Hill Genesis.

Monthly Costs (Payable to Notting Hill Genesis):

Leasehold Assured Rent: £471.14.

Ground Rent: £16.66.

Service Charge: £186.32.

Eligibility Criteria for Shared Ownership. To qualify, buyers must meet the following conditions:

Be at least 18 years old.

Have an annual household income of less than £90,000.

Be a first-time buyer or not currently own another home.

Demonstrate a good credit history with no bad debts or County Court Judgements.

Be able to afford the regular payments and costs involved in purchasing the home.

Pass an affordability assessment by Notting Hill Genesis’ Independent Financial Advisor, ensuring no more than 45% of net monthly income (after commitments) is spent on housing costs

Entrance Hall

Lounge (15'1" x 13'8", 4.6m x 4.17m)

Kitchen (12'2" x 8'3", 3.71m x 2.51m)

Bedroom (10'2" x 8'1", 3.1m x 2.46m)

Bedroom (12'2" x 8'2", 3.71m x 2.49m)

Bathroom (7'2" x 6'5", 2.18m x 1.96m)

Allocated Parking Space

Disclaimer

Gibson and Brennan are the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Aml Checks - All buyers interested in purchasing a property through us are required to complete an Anti-Money Laundering (aml) check. A non-refundable fee of £35 + VAT per buyer in the transaction will apply. This fee must be paid before proceeding with the purchase