Flat 43, Ramsden Court, Golden Jubilee Way, Wickford, SS12 9FT

Shared Ownership

This superb modern home is available to buy from as little as £165,000 with a 75% share!

A well-proportioned two-bedroom apartment situated within Ramsden Court in Wickford. The property benefits from an allocated parking space, a private balcony and a practical layout with a spacious open-plan living area.

The accommodation comprises a generous open-plan lounge/dining/kitchen, providing a sociable main living space with direct access onto the balcony. There are two bedrooms, including a particularly spacious main bedroom, together with a bathroom and useful storage off the hallway.

The property is conveniently located for the amenities of Wickford, with a range of shops, supermarkets, cafés and everyday services available locally. Wickford railway station provides services towards London Liverpool Street, while nearby road connections provide access to the wider Essex area.

PRICING & AFFORDABILITY

Full Market Value: £220,000

75% Share Price: £165,000 (rent £169.73pcm) Minimum 5% Mortgage Deposit (75% share): £8,250 Approximate Service Charges: £237.84pcm* Lease: 114 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000. • You have a deposit of at least 5% of the share value • You do not own another property or have your name on the deeds or a mortgage for a property worldwide. • This will be your only residence. • You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.