2 Bedrooms Semi-detached house for sale in Padnall Road, Chadwell Heath, Romford RM6 | £ 160,000

Property Description

Full Market Value
£320,000

Share Value(50%)
£160,000

Monthly Rent
£248

Service Charge
£10

Minimum Income
£36,000

Minimum savings
£16,000

Shared ownership

This is a semi-detached, 2 - bedroom house was constructed 1972, with driveway parking, internal garage and private rear garden. The current owner has carried out a number of refurbishments over a period of time including new bathroom fittings including new bath, tiling and sanitaryware.

The buyer will require a deposit to obtain a mortgage for this property.

This home is available to anyone that is affordable, minimum household income required £36,000 with a 10% deposit - you must be able to raise a mortgage. If you are affordable to buy more shares and have the deposit required by a mortgage lender to do this, you may only be able to proceed with the purchase subject to doing this.

Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website and register to obtain your unique reference number LQSO012345.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

Full market value – £320,000

You pay (50%) - £160,000

Monthly rent – £247.85

Service charge - £9.58

Ground rent payable - £0

99 year lease commenced in 27/03/1998 (78 years remaining). L&Q will offer the opportunity to extend the lease on an informal basis following completion. The remaining lease term is reflected in the sale price and the buyer will be 100% responsbile for the costs. For further information on Lease Extensions visit

Local Information

Shopping centre - Grove retail park, Romford shopping centre, Stafford Shopping centre.

Supermarket - Londis, Sainsburys, Tesco Extra, Morrisons, Aldi

Leisure centre - Warren sports centre, Mayfield leisure centre, Fullwell Cross leisure centre

School - Warren Junior school, St. Edwards Church of England, Marks Gate Junior, Newbridge School

Doctors surgery - Lawn Grove Surgery. Mill lane surgery, North street medical care, Castleton Road Heath centre, The Fullwell Avenue surgery.

Parks and outdoor space - Lake and children’s play area less than two minutes walk

Transport

Train station - Romford, Goodmayes (tfl), Chadwell Heath (tfl), Gidea Park

Tube station - Newbury Park, Barkingside, Fairlop

Bus stop - Rose Lane. Billet road, Kingston Hill avenue, Red House Farm

Road links - A12/M11/A406

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct. *Information on shopping, going out, leisure and transport obtained from Google and . Details as at May 2019.

Property Location

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