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Catkin House

Shared ownership

Catkin House, Romford, RM3 0FR

For sale
Shared ownership
Photo of Catkin House
Live from space album cover

from

£140,000

with min. deposit

£14,000

50% Share from
£140,000
Full market price
£280,000
Minimum deposit
£14,000
Monthly rent
£270
Monthly service charge
£147.56
Reservation free
£500

1 bedroom flat

Shared Ownership

Full market value - £280,000

You pay (50%) £140,000

Monthly rent: £270.20

Monthly service charge £147.56

Annual ground rent: N/A

Council Tax Band: C

99 year lease commenced in August 2014 (90 years remaining)

EWS1 certification is available for this property - B1 rating.

This apartment is situated on the popular Kings Park development in Harold Wood, surrounded by a wealth of countryside, woodland and parks and so with green open spaces covering more than half of the borough, there are plenty of places to relax and recharge.

Kings Park is situated within an immediate walking distance of Harold Wood mainline station (approx. 33 …

Features

Allocated parking

Central heating

Communal Garden

Terrace

Bedrooms1
Bathrooms1
Reception rooms1
Floor area49
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years90
EER Current82
EER Potential82
EIR Current87
EIR Potential87

from

£140,000

with min. deposit

£14,000

50% Share from
£140,000
Full market price
£280,000
Minimum deposit
£14,000
Monthly rent
£270
Monthly service charge
£147.56
Reservation free
£500
L&Q

L&Q

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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