2 bed flat for sale

Rennoldson Green, St Johns Development, Chelmsford CM2

This stylish 2 bedroom apartment is available as 'shared ownership'.

Shared ownership of a property (on this occasion an apartment), offers a more accessible route to homeownership, particularly for first-time buyers, as it allows you to purchase a share of a property while paying rent on the remaining portion owned by a housing association.

This significantly reduces the initial deposit and mortgage costs compared to buying a property outright.

Over time, you can increase your ownership share (it's called 'staircasing') and potentially end up owning the property outright.

With this development/flat in particular, you can start with buying a 25% share, as the current owners did - the current value now £70,000. Or you can also buy it fully for £280,000.

(Please note, you cannot make 'an offer' below the figures as they are set - the apartment having been professionally valued by a Surveyor)
The apartment itself


Situated on the sought after St Johns Development, this very stylish Two Bedroom Flat offers modern and contemporary living along with excellent access to Chelmsford City Centre, lots of local amenities, and transport links.

St Johns is a quiet and well-kept residential development built within the St Johns Hospital Conservation area off Wood Street, the town centre just over a mile away - an easy walk.

The property itself features a bright open-plan Living, Dining and Kitchen Area - the kitchen fully fitted with all the appliances built in or integrated within the contrasting grey and ? Kitchen units.

The Main Bedroom is generously sized and benefits from its own Ensuite Shower Room in addition to the main Bathroom too, and the second bedroom is also a 'double' in size and equally at home as a Home Office.

Additional features include full Gas Central Heating via radiators, upvc double glazed windows, a secure Entry System, Allocated Parking, and full access to the attractive communal grounds.

St Johns is well located near local shops (a large Tesco Supermarket is literally just a 4 minute walk away), excellent schools, and parks, and with Chelmsford Mainline Railway Station just a short distance away, offering direct trains to London Liverpool Street in 38 minutes.

This property is perfect for First Time Buyers or those seeking a low-maintenance home in a popular and convenient location and is all in all, a very well-presented and 'move-in-ready' flat, so an early viewing is highly recommended.

The Accommodation in more detail

Main Entrance Door with Video link to all flats, leading through to:
Communal lobby


Stairs rising to the upper floors. This one on the second floor.
Second floor landing


Private door through to:

Hall 16ft 2' x 4ft 2' (4.93m)

A lovely size hall with two big built in storage cupboards.

Open plan living/dining/kitchen room 20ft 1" x 17ft 10" (6.12m x 5.45m)

The Open Plan Main Living Space is perfect for entertaining, with clear areas where you would put your sofa and dining table.

The contrasting kitchen units with their feature concrete effect worktops incorporate a built-in gas hob with a multi-function Oven below and an integrated extractor above, integrated washing machine, integrated dishwasher and an integrated fridge/freezer.

Hidden within one of the eye level units is the combination boiler serving the gas central heating via radiators and hot water.

A set of French doors open to reveal a 'Juliette Balcony' with fabulous far reaching views and a pleasant outlook over one of the communal gardens below.

Two further windows add to the light coming in to make this a particularly light and bright area.

Bedroom one 14ft 3' x 8ft 7' (4.35m x 2.63m)

A good size dual aspect bedroom with the two windows bringing in lots of natural light.

Ensuite shower room 6ft 9' x 4ft 6" (2.06m x 1.37m)

A stylish shower room with white tiles giving an even greater impression of light and space, with a tall chrome towel radiator and window for natural light.

Bedroom two 13ft 7' x 9ft 1" (4.16m x 2.79m)

Another excellent size bedroom, this one also with two windows for maximum light.

(The owners mentioned that one of their neighbours uses this as the main bedroom, and the normal master bedroom as a guest room with its own private ensuite)

bathroom 6ft 9' x 5ft 6' (2.08m x 1.70m)

A full size bathroom with a separate shower over the bath and a window for natural light.

The bathroom mirror has a handy light over the top.
Exterior


The Grounds of St Johns are really well kept and the newer buildings compliment the original Victorian ones perfectly.

Immediately in front of the block is a private car park where this flat has its own personal parking bay.

There is also a lockable Bike Store.

Note: The Freeholder is Chelmer Housing Partnership (CHP). CHP will pay up to £400 (excluding VAT) towards your legal fees, where the buyer is purchasing more than a 10% a higher share than is currently being sold.

CHP will pay this £400 (excluding VAT) to the buyer on day of completion, subject to the sale completing within 6 months from the date of allocation of the property.
Shared ownership - A bit more info



How it works: You're both an owner and a tenant - you own your share but rent the part you don't own. (The scheme is aimed at people who can't afford to buy a whole property outright).

You start by buying a chunk of the property's value (like 25% or 50%) and pay rent on whatever's left. Over time, you can buy more shares - called "staircasing" - until you own the whole place.

Shared Ownership is mainly for first-time buyers who don't already own property, and you'll need to meet certain income requirements to qualify, eg your combined income must not exceed £80,000 per year.

With this particular flat, the full price is £280,000. 25% of that (the share price) is £70,000. So that's the part you 'own' and buy.

You then pay a subsided monthly rent on the other 75%. This is £396.68 per month.
Service charge


There is a Monthly Service Charge of £209.68

(Service charges typically cover the cost of maintaining and managing the communal areas and services within the building.

This can include things like building insurance, repairs, maintenance, cleaning of shared spaces and communal grounds and any lifts. Essentially, it's a contribution towards the upkeep and operation of the building as a whole, rather than just the individual flat.
The lease


The Lease is 125 years from 1st January 2017 - so 116 years remain.

Ground Rent is only payable if you own the flat outright.
Pets allowed


Some developments of flats don't allow pets. This one does.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.