Lotus Close

Overview

SHARED OWNERSHIP

Full market value: £440,000

You pay (35%): £154,000

Monthly rent: £836.31

Monthly service charge: £92.00

Ground Rent: £100

COUNCIL TAX BAND :D

125 year lease commenced  August 2018  - 117 years remaining

A £500 Amazon Voucher on Completion*

The modern kitchen, fitted with high gloss units and fully integrated appliances, is at the front of this well presented  home.  Stairs and a ground floor cloakroom separate the kitchen from the lounge diner at the rear, which features double doors opening onto a private south east facing garden.  Upstairs, find two well proportioned bedrooms and a contemporary family bathroom.

This house is located within the well-regarded Oaklands Hamlet development which is situated adjacent to Hainault Forest Golf Club. Hainault tube station on the Central line connects to central London, the wider underground network and mainline train stations. Chadwell Heath mainline station, just 3.5 miles away, benefits from the Elizabeth Line, providing faster and more direct connections to the city and beyond.

Everyday shopping needs are catered for at the Tesco Metro just over a mile from the development. Or the local Waitrose in Buckhurst Hill, Aldi in Ilford and Sainsbury's in Woodford Green are close by. Just 4 miles away in Romford your choice is extended at The Liberty, The Brewery and Romford Shopping Hall that offer a range of High Street favourites, plus bowling and a cinema.

There are multiple local green spaces, including Fairlop Waters and Hainault Country Park, within minutes, and the development also includes a childrens play area.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £60,472.  If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at September 2025.

*The £500 Amazon Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st October 2025, and then completes on the sale before 31st January 2026. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the Sole or Primary Purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. L&Q reserve the right to remove an incentive at any time.

Local area information

Oaklands Hamlet

This house is located within the well-regarded Oaklands Hamlet development which is situated adjacent to Hainault Forest Golf Club. Hainault tube station on the Central line connects to central London, the wider underground network and mainline train stations. Chadwell Heath mainline station, just 3.5 miles away, benefits from the Elizabeth Line, providing faster and more direct connections to the city and beyond.

Everyday shopping needs are catered for at the Tesco Metro just over a mile from the development. Or the local Waitrose in Buckhurst Hill, Aldi in Ilford and Sainsbury's in Woodford Green are close by. Just 4 miles away in Romford your choice is extended at The Liberty, The Brewery and Romford Shopping Hall that offer a range of High Street favourites, plus bowling and a cinema.

There are multiple local green spaces, including Fairlop Waters and Hainault Country Park, within minutes, and the development also includes a childrens play area.