2 bed flat for sale

Marlborough Drive, Basildon SS16

This well-presented first-floor apartment offers an excellent opportunity for first-time buyers or eligible purchasers to step onto the property ladder through a shared ownership scheme. Located in the sought-after Langdon Hills area, the property is less than a 5-minute walk to Laindon train station, providing a convenient link to London Fenchurch Street in approximately 35 minutes.

Key features of the property include:

Two spacious double bedrooms.
A modern bathroom suite with a shower over the bath.
A large kitchen with ample storage space.
A bright and airy lounge/diner featuring a Juliette balcony.
Access to a communal garden.
One allocated parking space with additional visitor parking available.
The apartment is energy-efficient with an EPC rating of B, ensuring lower running costs.

Shared Ownership Details:

25% share price: £60,000.
Full property value: £240,000 (based on a RICS survey; offers below this amount are not permitted due to housing association conditions).
Remaining 75% owned by Notting Hill Genesis.

Monthly Costs (Payable to Notting Hill Genesis):

Leasehold Assured Rent: £456.53.
Ground Rent: £16.66.
Service Charge: £137.59.

Eligibility Criteria for Shared Ownership. To qualify, buyers must meet the following conditions:

Be at least 18 years old.
Have an annual household income of less than £90,000.
Be a first-time buyer or not currently own another home.
Demonstrate a good credit history with no bad debts or County Court Judgements.
Be able to afford the regular payments and costs involved in purchasing the home.
Pass an affordability assessment by Notting Hill Genesis’ Independent Financial Advisor, ensuring no more than 45% of net monthly income (after commitments) is spent on housing costs.
This property offers an affordable route to homeownership in a popular and convenient location, with excellent transport links and local amenities. Ideal for those seeking a modern, low-maintenance lifestyle.

Property Ownership Information

Tenure

Leasehold

Council Tax Band

C

Annual Ground Rent

£16.66

Ground Rent Review Period

No review period

Annual Service Charge

£137.59

Service Charge Review Period

No review period

Lease End Date

02/07/2133

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.