Wellington House

Overview

SHARED OWNERSHIP

Full Market Value:  £260,000

Share Value (50%):  £ 130,000

Monthly Rent:         £510.73

Service Charge:      £127.23

Council Tax Band:   D  

125 year lease commenced April 2004  - 104 years remaining 

EWS1 -New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

Enter this dual aspect north/south facing apartment via a wide hallway.  The generous square reception room opens into a separate kitchen. The kitchen is fitted with a range of cream wall and base units with grey mottled worksurfaces and includes an integrated oven, hob and extractor with spaces for your other white goods.   There are two double bedrooms, the larger having fitted storage.  A family bathroom with shower over bath completes the accommodation

Wellington House is ideally located minutes from Gidea Park Elizabeth Line station, which takes you directly into the London, There is also easy access to the the A12, A127  and M25.  A regular bus route or short drive will take you to the shopping and entertainment of Romford Town Centre as well as large supermarket and more shops at The Gallows Corner Retail Park. 

This popular location boasts local amenities in including being within walking distance to the gym, spa and sports facilities of the David Lloyd Centre. 

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 £48,824. If you are offered the home, 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 of March 2025.

*The £500 B&Q 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 August 2025 and then completes on the sale before 31st December 2025. 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

Gidea Park

Wellington House is ideally located minutes from Gidea Park Elizabeth Line station, which takes you directly into the London, There is also easy access to the the A12, A127  and M25.  A regular bus route or short drive will take you to the shopping and entertainment of Romford Town Centre as well as large supermarket and more shops at The Gallows Corner Retail Park.