SHARED OWNERSHIP

Whitley Place

SHARED OWNERSHIP

Whitley Place

Register interest
Property reference number: 1059
 
Whitley Place is a 3-bedroom property in Maldon and has an approximate size of 99 sq. meters. The time remaining on the lease is 248 years.
 
Situated on the outskirts of historic Maldon and set around beautiful green open spaces, Whitley Place allows you to escape the hustle and bustle of the city, while keeping all the excitement within reach.
 
Whether it’s the abundance of ancient Thames Barges that line the quayside, the fantastic choice of delicious restaurants and cafés, or the thrills of the annual Mud Race, there are countless ways to enjoy life in Maldon. Along the town’s characterful streets, you’ll find a mixture of high street favourites and independent delights. Among them there are banks, supermarkets, a post office and a variety of interesting stores that stock everything from fashion, right through to fishing tackle. All this is perfectly balanced with a great selection of spectacular open spaces, stunning surrounding countryside and the beautiful River Blackwater when you need to blow away the cobwebs. Maldon is perhaps most famous for being the home of the Thames Barge and to this day there are a huge number of
these iconic vessels moored at Hythe Quay. A short walk from Hythe Quay is the fantastic
Promenade Park. When you combine its open space, marine lake, tennis courts, skate park, crazy golf, pirate ship playground and Splash Park, you have the perfect place to enjoy a day out.
 
Whitley Place enjoys excellent road links and a brand new bus route which puts the very best of Maldon right on your doorstep, from shopping and socialising through to walking and water sports. And if you need a little more excitement, both Chelmsford and Hatfield Peverel railway stations are nearby, between them offering great connections to London and beyond. 
 
The property comprises:
  • Entrance: Hallway with large storage cupboards and entry phone system.
  • Living room: Spacious lounge with lots of natural light and open plan kitchen. Laminated flooring.
  • Kitchen: Grey base and wall units and grey worktop. Integrated appliances in excellent condition. Laminated flooring.
  • Bedroom one: Double bedroom. Carpeted flooring.
  • Bedroom two: Double bedroom. Carpeted flooring.
  • Bedroom three: Double bedroom. Carpeted flooring.
  • Bathroom and Ensuite: White and grey suites comprising panelled bath with shower head, WC and hand washbasin and large mirror over. Tiled flooring.
  • Outside: Private garden, allocated parking space and secure cycle storage.
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 Resale 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: 248 years
•    Annual ground rent amount: £0
•    Ground rent review period: No ground rent to pay until final staircasing.
•    Annual service charge amount: £1,289.76
•    Service charge review period: Annually
•    Council tax band: D

*Financial information correct as of 17.10.2023

Financials*

Full Value

£350,000

Share Price

£105,000

Share Value

30%

Monthly Cost

£1,318

Monthly Mortgage

£567

Monthly Rent

£644

Monthly Service Charge

£107

Minimum Household Income

£46,000

Maximum Household Income

£90,000

Deposit Required

£11,250

*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

Whitley Place, Maldon, Maldon, Maldon, CM9 6GR Open in Google Maps

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Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

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