1 bedroom flat for sale

Nicholas Court, Chelmsford, Essex, CM1

Shared ownership £94,500

Property Description

Key features

  • *94,500 for a 70% share*
  • One bedroom retirement property
  • Retirement home for the over 55's
  • Excellent transport links
  • No rent payable
  • Access to landscaped communal gardens
  • Viewing is highly recommended

Full description

Tenure: Leasehold, 99 years remaining

***Please quote NIC442 when enquiring.***

- Introduction -
Forming part of this popular block for the over 55's is this ground-floor purpose built retirement apartment. The property is located in Nicholas Court in Chelmsford.

This one-bedroom retirement property is ideally situated in the heart of sought-after Chelmsford. The property boasts communal gardens to the front and rear, off-street parking and an emergency pull-cord system for safety and peace of mind.

Properties at Nicholas Court are only available to purchase under an affordable home ownership initiative. The initiative is designed to assist those seeking affordable and manageable home ownership who could not afford home ownership in that area otherwise. Under the scheme you only pay 70% of the value of the property. Owners do not pay any rent to Home Group for the percentage not purchased. You will however be liable for a service charge as detailed in the listing below. The 30% share not purchased is a 'payment discount' which is locked into the property. This means other purchasers will also benefit from the discount in the future as and when they purchase.

- What the owner says -
"Nicholas Court is in a desirable area with good bus services and in walking distance of local amenities such as Morrison's supermarket, doctors and pharmacy."

- Full Description -
- Entrance hall way with a storage cupboard and telephone entry system for your security and peace of mind.
- Living room (5.6m x 3.4m) window to the front aspect overlooking landscaped communal gardens.
- Kitchen (3.7m x 1.8m) with co-ordinating wall and base units. Window to the rear aspect.
- Bedroom (3.6m x 2.6m) has a window to the rear aspect.
- Bathroom (1.8m x 1.7m) with a walk-in shower, wash hand basin and WC.
- Neutral decoration throughout.
- Carpets fitted to all living areas. Vinyl is fitted to the kitchen and tiles are fitted to the bathroom.
- Well maintained communal gardens.
- Off street parking.

- Communal Facilities
-Off street private parking.
-Communal well maintained landscape gardens
-Communal laundry
-Guest suite available to hire
-24 hour emergency pull cord system throughout the property

- Costs -
1-BEDROOM FLAT (GROUND FLOOR)
PRICE - £94,500*
SERVICE CHARGE - £358.95pq**
*This represents a 70% share of the full open market value of £135,000
**This includes: management charge, service charge, building insurance charge, building fund charge and sinking fund. Rent and service charges are reviewed annually.

Under the scheme you only pay 70% of the value of the property. Owners do not pay any rent to Home Group for the percentage you have not purchased. You will be liable to pay the service charge. The 30% share not purchased is a 'payment discount' which is locked into the property.

- Eligibility Requirements -
Applicants must be aged 55 or over.
Applicant must be able to live independently without any care or support.
Applicants must have sufficient funds to purchase the 70% outright.
Applicants must also have access to sufficient funds to cover the cost of buying.

All prospective buyers must attend an interview with a Home Group representative and complete an application form to confirm their eligibility to purchase their chosen property.

Buyers' ability to meet the independent living criteria is determined via a medical status report from their GP, any costs borne from this are payable by the purchaser. (Further information is available on request)

Once your application and medical status has been confirmed, we will contact you to let you know that you have/have not been approved ahead of instructing all legal representatives.

- General Information -
Tenure: Leasehold
Lease: Surrender and Regrant - 99 year lease issued at the point of purchase
Approximate internal area: 44 sq. m.
Local Authority: Chelmsford City Council
Council Tax Band: B
EPC Rating: 77 (C)

- Terms and Conditions -
If you are interested in buying this home, you will need to meet an affordability assessment and the independent living criteria. Details of which will be advised as required.

All prospective buyers must attend an interview with a Home Group representative and complete an application form to confirm their eligibility to purchase and will need to demonstrate they can afford the costs associated with owning and meet the terms of the scheme criteria.

Buyers' ability to meet the independent living criteria is determined via a medical status report from their GP, any costs borne from this are payable by the purchaser. (Further information is available on request)

Once your application and medical status has been confirmed, we will contact you to let you know that you have/have not been approved ahead of instructing all legal representatives.
Call today to arrange your personal tour appointment to view.

- Viewings -
Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.


Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
12 June 2019

Nearest station

  • Chelmsford (1.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Home Group, Re-Sales, Farringdon

Home Group Limited, Farringdon Point, 33 Farringdon Road, London, EC1M 3JF

0191 687 0268 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Chelmsford (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Home Group, Re-Sales, Farringdon

Home Group Limited, Farringdon Point, 33 Farringdon Road, London, EC1M 3JF

0191 687 0268 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference NIC442. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Home Group, Re-Sales, Farringdon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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