For Sale2 Bedroom Flat in Marlborough Drive, Basildon, SS16 6GA£60,000

This well-presented first-floor apartment offers an excellent opportunity for first-time buyers or eligible purchasers to step onto the property ladder through a shared ownership scheme. Located in the sought-after Langdon Hills area, the property is less than a 5-minute walk to Laindon train station, providing a convenient link to London Fenchurch Street in approximately 35 minutes. Key features of the property include: Two spacious double bedrooms. A modern bathroom suite with a shower over the bath. A large kitchen with ample storage space. A bright and airy lounge/diner featuring a Juliette balcony. Access to a communal garden. One allocated parking space with additional visitor parking available. The apartment is energy-efficient with an EPC rating of B, ensuring lower running costs. Shared Ownership Details: 25% share price: £60,000. Full property value: £240,000 (based on a RICS survey; offers below this amount are not permitted due to housing association conditions). Remaining 75% owned by Notting Hill Genesis. Monthly Costs (Payable to Notting Hill Genesis): Leasehold Assured Rent: £456.53. Ground Rent: £16.66. Service Charge: £137.59. Eligibility Criteria for Shared Ownership. To qualify, buyers must meet the following conditions: Be at least 18 years old. Have an annual household income of less than £90,000. Be a first-time buyer or not currently own another home. Demonstrate a good credit history with no bad debts or County Court Judgements. Be able to afford the regular payments and costs involved in purchasing the home. Pass an affordability assessment by Notting Hill Genesis’ Independent Financial Advisor, ensuring no more than 45% of net monthly income (after commitments) is spent on housing costs. This property offers an affordable route to homeownership in a popular and convenient location, with excellent transport links and local amenities. Ideal for those seeking a modern, low-maintenance lifestyle.