£104,125

1 bed flat for sale

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New home
Shared ownership
Leasehold

£104,125

(£193/sq. ft)

1 bed flat for sale

Delamare Road, Cheshunt EN8

1 bed
1 bath
1 reception
538 sq. ft
EPC rating: B

Key Information

Tenure:
Leasehold (999 years)
Service charge:
£2,064 per year
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:
35%
Shared ownership rent:
£443 per month

Local area information

Property location

Nearby amenities

  • Cheshunt 0.1 miles
  • Downfield Primary School 0.3 miles
  • Millbrook School 0.4 miles
  • Theobalds Grove 0.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Off street parking
  • 60% of homes are now reserved!
  • Private balcony or terrace
  • Allocated undercroft parking
  • Electric charging points available with some homes
  • Communal landscaped courtyard
  • EPC Rating: B
  • Close to Lee Valley Country Park
  • Cheshunt station with trains to Liverpool Street station in 30 mins
75% of homes are now reserved, register your interest to find out how to arrange a viewing and reserve your new home.

Our homes at The Quadra Apartments are ready to move into! Plot A.5.07/Flat 39 can be found on the first floor, is 50m2 and comprises a great-sized bedroom, the main bathroom, open-plan living and a private terrace.

At The Quadra Apartments, prices for Flat 39 start from £1,177 per month including service charge with a minimum deposit of £5,206!

Full Market Value: £297,500
Shares available from 35%: £104,125
Rent*: £443.15 per month
Estimated service charge: £172

To be eligible for one of these exciting new homes, you will need to have a total joint household income between £48,500 and £80,000.**

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.
***Minimum incomes may vary. This is for guidance only and based on a 5% deposit, 5.5% interest rate and 30 year mortgage.

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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B3 - The Quadra Apartments

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