Newland Spring, Chelmsford, Essex

Agents summary

First floor two bedroom maisonette located in a small and well kept retirement development for the over 55's. Inside, on the ground floor there is an entrance lobby with stairs and stair lift to the first floor, spacious and bright lounge/diner, kitchen, two bedrooms both with built in wardrobes and a walk in shower room. Outside, there is an external storage cupboard, residents lounge and laundry room with plenty of on site parking for residents and visitors. The property is being offer for sale with no onward chain and will benefit from a surrender and re-grant - 99 year lease at the point of purchase.

Area information

Newland Spring is located North of the City Centre and is located around 2.5 miles drive to Chelmsford Station. The nearest bus stop is just a short walk away where you can catch the number 56 Bus to Chelmsford bus station in as little as 15 minutes, traffic dependent with the services running every 20 minutes. Within half a mile there is a Morrisons Superstore. This small development is located in the centre of a residential area with a choice of property styles from apartments up to detached houses. 

Ground floor

Ground floor

uPVC double glazed entrance door, stairs leading to the first floor with electric stairs lift to remain if needed.

First floor

Landing

Radiator, double linen cupboard.

Lounge/diner

15' 9" x 11' 5" (4.80m x 3.48m) Two uPVC double glazed windows to front, radiator, storage recess over stairs, coved ceiling.

Kitchen

10' 2" x 6' 6" (3.10m x 1.98m) Stainless steel single drainer sink unit, roll-edged work surfaces with a range of cupboards and drawers below, space for a cooker and fridge/freezer, wall mounted boiler, radiator, uPVC double glazed window to side.

Bedroom 1

9' 4" x 12' 1" (2.84m x 3.68m) uPVC double glazed window to rear, radiator, built in double wardrobe.

Bedroom 2

7' 4" x 8' 6" (2.24m x 2.59m) uPVC double glazed window to rear, radiator, built in double wardrobe, coved ceiling.

Shower room

White suite comprising: Walk in shower with grab rails, and pull down seat, low level w.c., pedestal wash hand basin, radiator, extractor.

Outside

The development is set within well kept communal gardens with a residents lounge and laundry room, there is also ample on set parking for residents and visitors.

Leasehold information

The asking price of £100,000 represents a 70% share of ownership with no rent payable to Home Group for their 30% share
Service charge £431.28 per quarter
Surrender and re-grant lease- 99 year lease issued at the point of purchase

Application process

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.

Tenure: Leasehold

Band B is the Council Tax band for this property and the annual council tax bill is £1,365.40.

Lease length: 99 years from 14 05 2015, expiring on 13 05 2114.

Ground rent & Service charge: For 01 01 2021 to 01 12 2021 is £1,846.88 which is paid in instalments of £461.72 every 3 months. The service charge is reviewed annually.

As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.