SHARED OWNERSHIP
Harrow House
(Share Price (40%) - £96,000
Full Value Price £240,000
SHARED OWNERSHIP
Harrow House
(Share Price (40%) - £96,000
Full Value Price £240,000
Property reference number: 1638768
Harrow House is a 2-bedroom property with parking located on the first floor in a two storey block built is available in Basildon. The lease remaining on the property is 111 years.
There are good transport links with Laindon Rail Station (1 mile away) served by Tilbury and Southend Railway line linking to Liverpool Street Station in 40 minutes. Local buses serve the area. Local amenities are located 0.8 miles away along Victoria Road. For leisure and enjoyment, various restaurants, bars, cafes and shops are within walking distance.
- Nearest Station: Laindon station (1mile) and Upminster Station (7.5 miles away)
- Bus routes nearby: B1, B2, 9, 46, 50, 104, 256, 561
The property located on the fifth floor comprises:
- Entrance: Hallway with storage cupboards, entry phone system.
- Living Room: Spacious lounge with lots of natural light and open plan kitchen. Dark brown wooden flooring.
- Kitchen: White/chipwood tiled backsplash. Standard appliances: gas cooker oven/hob.
- Bedroom One: Double bedroom. Blue carpeted flooring.
- Bedroom Two: Double bedroom. Cream carpeted flooring.
- Bathroom: White suite comprising a large bath with shower head, tiled and painted walls and a towel rail. Black vinyl flooring.
- Outside: off street parking, communal garden.
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
- Tenure: Leasehold
- Remaining lease term: 111 Years
- Annual ground rent amount: TBC
- Ground rent review period: TBC
- Annual service charge amount: £1,532.76
- Service charge review period: 1st April annually
- Council tax band: Band C
Financials*
Full Value
£240,000
Share Price
£96,000
Share Value
40%
Monthly Cost
£324
Monthly Rent
£196
Monthly Service Charge
£128
Maximum Household Income
£80,000
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Harrow House, School Avenue, Essex, Basildon, SS15 6GN Open in Google Maps