SHARED OWNERSHIP
Wilhelm Mohr Court
Rayley Lane, North Weald, Essex, Epping forest, CM16 6FT
Resale Shared Ownership
(Share Price (50%) - £172,500
Full Value Price £345,000
(Share Price (50%) - £172,500
Full Value Price £345,000
2 Bedrooms
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SHARED OWNERSHIP
Wilhelm Mohr Court
Rayley Lane, North Weald, Essex, Epping forest, CM16 6FT
Resale Shared Ownership
(Share Price (50%) - £172,500
Full Value Price £345,000
(Share Price (50%) - £172,500
Full Value Price £345,000
2 Bedrooms
Property reference number: 1639003
This 2-bedroom 2-bathroom apartment offers bright spacious open-plan living with a private balcony.
A short drive away is Epping Forest, perfect for leisurely strolls and outdoor adventures. Nearby, the quaint Epping town centre offers a delightful array of shops, cafes, and restaurants.
With excellent transport links, including the Central Line, London is within easy reach. Rayley Lane, Epping, is perfect for those seeking a harmonious blend of nature and convenience.
Nearest stations:
- Nearest Underground Station: Epping
- Nearest Railway Station: Harlow Town
The property comprises:
- Entrance: Hallway with 3 storage cupboards and video phone entry system. Underfloor heating. Beige carpet flooring.
- Living room: Bright open plan living area with lots of natural light leading out to the balcony. Grey wooden flooring.
- Kitchen: Grey marble effect worktop with tiled splashback. Integrated black appliances. Grey wooden flooring.
- Bedroom 1: Double bedroom. Beige carpet flooring.
- Bedroom 2: Double bedroom with views outlooking the communal garden. Beige carpet flooring.
- Bathroom: Suite comprising partially tiled shower head over bath, WC, mirrored cabinet over sink and heated towel rail. Beige flooring
- En-suite: Suite comprising partially tiled shower, WC, mirrored cabinet over sink. Beige flooring
- Outside: Balcony and patio.
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.
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.
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: 122 years
- Annual ground rent amount: £100
- Ground rent review period: 25 years
- Annual service charge amount: £2,153.16
- Service charge review period: Annually
- Council tax band: C
*Financial information correct as of 20.10.23
Financials*
Full Value
£345,000
Share Price
£172,500
Share Value
50%
Monthly Cost
£1,497
Monthly Mortgage
£931
Monthly Rent
£386
Monthly Service Charge
£179
Minimum Household Income
£52,000
Maximum Household Income
£90,000
Deposit Required
£17,250
*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
Rayley Lane, North Weald, Essex, Epping forest, CM16 6FT Open in Google Maps
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