Flat for sale in Romford RM1, 1 Bedroom

Full Market Value
£225,000

Share Value(30%)
£67,500

Monthly Rent
£375

Service Charge
£191

Minimum Income
£31,473

Minimum savings
£6,750

Shared ownership

We consider this home to be situated in an ideal location which offers access to great local amenities in an up and coming area.

The buyer will require a deposit to obtain a mortgage for this property.

This home is available to anyone that is affordable, minimum household income required £31,473 with a 10% deposit - you must be able to raise a mortgage. If you are affordable to buy more shares and have the deposit required by a mortgage lender to do this, you may only be able to proceed with the purchase subject to doing this.

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 LQSO012345.

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.

Full market value – £225,000

You pay (30%) - £67,500

Monthly rent – £473.68

Service charge - £190.92

Ground rent payable - £0

125 year lease commenced in 01/01/2006 (112 years remaining)

Local Information

For your food essentials Sainsburys Romford is within walking distance. You also have asda less than 1 mile away. Tesco express, Lidl and Londis are also in the vicinity.

The Liberty Shopping Centre, within 1 mile, offers a variety of high street shops, including Debenhams, Next, Marks and Spencer, to name but a few.

Local schools include The Mawney Foundation School, St Peters Catholic School and Gidea Park College are all within 1.5 miles of the property.

For those that like to keep fit. The new Sapphire sports centre is a 1 minute walk offering a gym, swimming pool and ice rink. Fitness first is also a short walk away.

Transport

Romford station is less than half a mile away offering a direct service to London Liverpool Street in 25 minutes.

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. *Information on shopping, going out, leisure and transport obtained from Google and . Details as at May 2019.