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Bird Cherry Lane

Shared ownership

Harlow CM17 0FR, Harlow, CM17 0FR

Sale under offer
Shared ownership
Photo of Bird Cherry Lane
Live from space album cover

from

£115,000

with min. deposit

£11,500

50% Share from
£115,000
Full market price
£230,000
Minimum deposit
£11,500
Monthly rent
£307
Monthly service charge
£128

1 bedroom flat

An immaculate first floor apartment with allocated parking in the sought after location of Gilden Park, Old Harlow. This bright property boasts open plan living with a large lounge/diner that opens into the modern fitted kitchen, balcony, pristine bathroom suite with shower over bath and a great size double bedroom. UPVC double glazed windows.

Local Authority: Harlow

Property type and size: 1 bedroom Apartment

Property Value: £230,000

Current Share:50%

Share Value £: £115,000

Monthly Rent: £307.75 ( There is a Sage Homes rent credit: -£20.16)

Monthly Service Charge:£128 pcm

Lease term remaining: 125 years from 2021

Is there any EWS1 Issues?: No.

Is …

Features

Allocated parking

Balcony

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area46
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years125
EER Current83
EER Potential83
EIR Current89
EIR Potential89

from

£115,000

with min. deposit

£11,500

50% Share from
£115,000
Full market price
£230,000
Minimum deposit
£11,500
Monthly rent
£307
Monthly service charge
£128
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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