Flat for sale in Defiant Close, Hornchurch RM12

The Property:

A superb opportunity to get on the property ladder with this shared ownership apartment located on the favoured St George's Park development approx. A mile from the vibrant town centre of Hornchurch. This one bedroom ground floor apartment is ideal for first time buyers and young couples, we are offering a 25% share of this spacious property, in full this bright, spacious and modern apartment consists of:

Entrance hall
Spacious open plan living/dining with access to a private, south facing, patio terrace
Spacious bedroom with fitted wardrobe
Modern bathroom with shower over the bath Useful storage/utility cupboard
Allocated parking

The location offers excellent transport links, shopping amenities as well as great local parks offering lovely walks.

Shared Ownership

Shared Ownership:

This is a shared ownership property and the available share for sale is 25%.

The sale price of the 25% share is £65,000.00. This is based on 25% of the open market value of £260,000. The sale price is non-negotiable.

The buyer can purchase more shares simultaneously, in 10% minimum tranches, whilst purchasing the property. Home Group may consider allowing staircasing up to 100% once the 8-week nomination period has ended.

The lease term is 125 years from 1 July 2020 therefore number of years remaining is 122 years.

Domestic pets such as cats and dogs are not permitted in flats

Anyone wishing to purchase the property must be assessed and approved by Home Group before any sale can be agreed.

The total monthly charges payable to Home Group are *£797.37, as of 1st April 2024, and are broken down as follows:

Rent: £638.70
Management charge: £5.75
Service charge: £152.92

The above charges are reviewed annually on 1st April.

Property Ownership Information

Tenure

Leasehold

Council Tax Band

C

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

£1,769.64

Service Charge Review Period

No review period

Lease End Date

29/06/2145

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.