SHARED OWNERSHIP

Gough Court

SHARED OWNERSHIP

Gough Court

Register interest
Property reference number: 1639080
 
Gough Court is a two-bed property located on the first floor in a three storey apartment block, built in 2013.
 
There are good transport links with Laindon, 1.1 miles away served by National Rail linking to London Fenchurch Street Station in 37 minutes Local buses serve the area and provide links to Central locations.
 
Local amenities are located 0.5 miles away along W. Mayne- Manor Road. For leisure and enjoyment, shops, bars and restaurants are within walking distance.
  • Nearest Station: Upminster and Laindon stations
  • Bus routes nearby: 8 & 8A
Key Features
  • Parking space
  • Integrated kitchen appliances
  • Central heating
  • Fitted wardrobe
  • Open plan living
What happens after I register my interest?
 
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.
 
What is Resale Shared Ownership?
 
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 
 
Financial information
  • Tenure: Leasehold
  • Remaining lease term: 115 years
  • Annual ground rent amount: £250
  • Ground rent review period: £250 per annum payable in advance on the first day of January in each year for the first twenty five years of the Term. £500 per annum for the second twenty five years of the Term. £750 per annum for the third twenty five years of the Term. £900 per annum for the fourth twenty five years of the Term and £1500 per annum for the remainder of the Term. 
  • Annual service charge amount: £2,008.92
  • Service charge review period: Annually
  • Council tax band: C
 
*Financial information correct as of 19.01.2024

Floorplan

floorplan

Financials*

Full Value

£240,000

Share Price

£72,000

Share Value

30%

Monthly Cost

£965

Monthly Mortgage

£388

Monthly Rent

£413

Monthly Service Charge

£164

Maximum Household Income

£90,000

Deposit Required

£7,200

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.

Location

Gough Court, King Edward Road, Basildon, Basildon, SS15 6HY Open in Google Maps

map

Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Downloads

EPC

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

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