£217,500
(£404/sq. ft)
1 bed flat for sale
Delamare Road, Cheshunt EN8New home
Shared ownership
Leasehold
1 bed
1 bath
1 reception
538 sq. ft
EPC Rating: B
Available offer
Shared Ownership
Buy part of this home using the Shared Ownership scheme. You'll then pay an “affordable rent” on the share you don't own. This is mainly for first-time buyers.
Key information
Tenure
Leasehold (997 years)
Service charge
£172 per month
Council tax band
C
Ground rent
Ground rent date of next review
Shared ownership details
Shared ownership is an affordable housing scheme where you can part buy and part rent your home. In the future, you can purchase additional shares (at the market value at the time) until you own 100% of the property. You will need a mortgage and deposit for your share, and you will pay an affordable rent on the remaining share that B3Home continues to own. The minimum initial share you could purchase is 25% and the maximum is 75%. However the shares you can purchase will vary per development.
Shared ownership percentage owned
75%
Shared ownership rent
£166 per month
B3 - The Quadra Apartments
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About this property
Off street parking
80% of homes now reserved!
Private balcony or terrace
Allocated undercroft parking
Electric charging points available with some homes
Communal landscaped courtyard
Planned new pedestrian and cycle routes
Close to Lee Valley Country Park
Cheshunt station with trains to Liverpool Street station in 30 mins
Only one-bed apartments remain, shares from 25%! Register your interest to find out how to arrange a viewing.
Our homes at The Quadra Apartments are ready to move into! Plot A.2.08/Flat 16 can be found on the second floor, is 50m2 and comprises a great-sized bedroom, the main bathroom, open-plan living and a private terrace.
Shares are available from 25%, below is an example of a 75% share:
Full Market Value: £290,000
75% share example:: £217,500
Rent*: £166.15 per month
Estimated service charge: £172
Perfect for first-time buyers looking to get on the property ladder, The Quadra Apartments at Cheshunt Lakeside will offer an exciting new collection of Shared Ownership homes for sale. A new residential neighbourhood, Cheshunt Lakeside forms part of a long-term placemaking masterplan set to bring shops, green open spaces and a new primary school to the area.
These properties are for sale through Shared Ownership and range from one-bedroom to three-bedroom apartments. The Shared Ownership homes are arranged around a shared landscaped courtyard and come with either a balcony or private terrace and allocated parking.
What is Shared Ownership?
This home is available to purchase with Shared Ownership. Shared Ownership is a part-buy, part-rent property scheme. If you cannot afford the full mortgage for a property Shared Ownership allows you to buy a share of the property (between 25% and 75% of its value) and you pay rent on the remaining percentage share you don't buy. The deposit needed for your mortgage is a percentage of the share you buy, rather than the full value, making it easier to get on the property ladder.
Service Charge Review Period: Yearly
Eligibility Criteria:
- Priority must go to those who currently live and/or work in the Borough of Broxbourne.
- You must be at least 18 years old.
- Outside of London, your annual household income must be less than £80,000.
- You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), -you must be in the process of selling it.
- You should not be able to afford to buy a home suitable for your housing needs on the open market.
- You must show you are not in mortgage or rent arrears.
- You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
*Calculated at 2.75% for the one-bedroom apartments per annum of the value of the share that you do not initially buy.