Merrymeade Chase, Brentwood

SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £300,000). A chance to buy a ‘shared ownership’ flat in a beautiful, Grade II listed building. Merrymeade House sits in a rural location yet still within easy reach of the town centre. The flat is on the lower ground floor of the east wing and is in excellent condition throughout. There is a spacious entrance hallway, modern shower room, double bedroom with built-in wardrobe and a generous reception room with stylish open-plan kitchen. Brentwood Railway Station is just over a mile away with trains into Liverpool Street. The apartment has a parking space.

Tenure: Leasehold (125 years from 2009)
Minimum Share Available: 45% (£135,000). The housing association will expect you to purchase the largest affordable share which may be more than the advertised minimum.
Shared Ownership Rent: £231.08 per month (based on 45% ownership). The rent is subject to annual review.
Service Charge: £125.62 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £29,200 assuming a 10% deposit of a 45% share. Equivalent single-income figure would be £34,200.
Council Tax: Band C, Brentwood (£1532.87 for 2019-20). Priority will be given to applicants that currently live and/or work in the Borough of Brentwood.