Flat for sale in Delamare Road, Cheshunt EN8
Shared ownership
£148,750
Images may include optional upgrades at additional cost
New build
Interested in this property?
Call +44 1992 273448 * or
Request Details
* Calls to this number will be recorded for quality, compliance and training purposes.
EPC Rating: B
Tenure:
Leasehold
with shared ownership
Shared ownership percentage owned:
50%
Shared ownership rent:
£340.86 per month
Service charge:
£1,692 per year
Council tax band:
C
Shared ownership details:
Shared ownership is an affordable housing scheme where you can part buy and part rent your home. In the future, you can purchase additional shares (at the market value at the time) until you own 100% of the property. You will need a mortgage and deposit for your share, and you will pay an affordable rent on the remaining share that B3Home continues to own. The minimum initial share you could purchase is 25% and the maximum is 75%. However the shares you can purchase will vary per development.
Property features
- Off street parking
- 60% of homes are now reserved!
- Private balcony or terrace
- Allocated undercroft parking
- Electric charging points available with some homes
- Communal landscaped courtyard
- EPC Rating: B
- Close to Lee Valley Country Park
- Cheshunt station with trains to Liverpool Street station in 30 mins
Property description
60% of homes are now reserved, register your interest to find out how to arrange a viewing and reserve your new home.
Our homes at The Quadra Apartments are ready to move into! Plot A.5.07/Flat 39 can be found on the first floor, is 50m2 and comprises a great-sized bedroom, the main bathroom, open-plan living and a private terrace.
At The Quadra Apartments, prices for Flat 39 start from £1,295 per month including service charge with a minimum deposit of £7,438!
Full Market Value: £297,500
Shares available from 50%: £148,750
Rent*: £340.89 per month
Estimated service charge: £141
To be eligible for one of these exciting new homes, you will need to have a total joint household income between £41,00 and £80,000.**
Perfect for first-time buyers looking to get on the property ladder, The Quadra Apartments at Cheshunt Lakeside will offer an exciting new collection of Shared Ownership homes for sale. A new residential neighbourhood, Cheshunt Lakeside forms part of a long-term placemaking masterplan set to bring shops, green open spaces and a new primary school to the area.
These properties are for sale through Shared Ownership and range from one-bedroom to three-bedroom apartments. The Shared Ownership homes are arranged around a shared landscaped courtyard and come with either a balcony or private terrace and allocated parking.
What is Shared Ownership?
This home is available to purchase with Shared Ownership. Shared Ownership is a part-buy, part-rent property scheme. If you cannot afford the full mortgage for a property Shared Ownership allows you to buy a share of the property (between 25% and 75% of its value) and you pay rent on the remaining percentage share you don't buy. The deposit needed for your mortgage is a percentage of the share you buy, rather than the full value, making it easier to get on the property ladder.
Service Charge Review Period: Yearly
Eligibility Criteria:
- Priority must go to those who currently live and/or work in the Borough of Broxbourne.
- You must be at least 18 years old.
- Outside of London, your annual household income must be less than £80,000.
- You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), -you must be in the process of selling it.
- You should not be able to afford to buy a home suitable for your housing needs on the open market.
- You must show you are not in mortgage or rent arrears.
- You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
**Calculated at 2.75% for the one-bedroom apartments per annum of the value of the share that you do not initially buy.
***Minimum incomes may vary. This is for guidance only and based on a 5% deposit, 5.5% interest rate and 30 year mortgage.
Our homes at The Quadra Apartments are ready to move into! Plot A.5.07/Flat 39 can be found on the first floor, is 50m2 and comprises a great-sized bedroom, the main bathroom, open-plan living and a private terrace.
At The Quadra Apartments, prices for Flat 39 start from £1,295 per month including service charge with a minimum deposit of £7,438!
Full Market Value: £297,500
Shares available from 50%: £148,750
Rent*: £340.89 per month
Estimated service charge: £141
To be eligible for one of these exciting new homes, you will need to have a total joint household income between £41,00 and £80,000.**
Perfect for first-time buyers looking to get on the property ladder, The Quadra Apartments at Cheshunt Lakeside will offer an exciting new collection of Shared Ownership homes for sale. A new residential neighbourhood, Cheshunt Lakeside forms part of a long-term placemaking masterplan set to bring shops, green open spaces and a new primary school to the area.
These properties are for sale through Shared Ownership and range from one-bedroom to three-bedroom apartments. The Shared Ownership homes are arranged around a shared landscaped courtyard and come with either a balcony or private terrace and allocated parking.
What is Shared Ownership?
This home is available to purchase with Shared Ownership. Shared Ownership is a part-buy, part-rent property scheme. If you cannot afford the full mortgage for a property Shared Ownership allows you to buy a share of the property (between 25% and 75% of its value) and you pay rent on the remaining percentage share you don't buy. The deposit needed for your mortgage is a percentage of the share you buy, rather than the full value, making it easier to get on the property ladder.
Service Charge Review Period: Yearly
Eligibility Criteria:
- Priority must go to those who currently live and/or work in the Borough of Broxbourne.
- You must be at least 18 years old.
- Outside of London, your annual household income must be less than £80,000.
- You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), -you must be in the process of selling it.
- You should not be able to afford to buy a home suitable for your housing needs on the open market.
- You must show you are not in mortgage or rent arrears.
- You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
**Calculated at 2.75% for the one-bedroom apartments per annum of the value of the share that you do not initially buy.
***Minimum incomes may vary. This is for guidance only and based on a 5% deposit, 5.5% interest rate and 30 year mortgage.
Property info
Arrange Viewing
For more information about this property, please contact
B3 - The Quadra Apartments, EN8 on +44 1992 273448 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by B3 - The Quadra Apartments, and do not constitute property particulars. Please contact B3 - The Quadra Apartments for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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