Summary - Springfield Road, Chelmsford, CM2 CM2 6XF
1 bed 1 bath Flat
Affordable entry into Chelmsford with a private balcony and contemporary finish.
25% shared ownership available for £57,500 (based on £230,000 value)
A bright one-bedroom apartment in Wicket House, Chelmsford, offered via Shared Ownership for a 25% share. The second-floor flat includes an open-plan living area with a modern kitchen, a large bedroom, bathroom, entrance hall with storage and a private balcony — compact, contemporary living for a first home or stepping-stone purchase.
Costs are transparent: the 25% share is £57,500 (full market value shown as £230,000). Monthly charges are £498.88 rent plus £165.22 service charge (total £664.10), and a 5% minimum deposit is required. The lease has 122 years remaining. An annual rent increase applies each April.
Practical points to note: heating is by electric room heaters and electricity is the main fuel; EPC and environmental ratings are band C. The property is in a very affluent area with fast broadband, excellent mobile signal, nearby parks, shops and good schools — useful for commuting and everyday needs. Crime is above average locally, so buyers should factor that into location preferences.
This home suits first-time buyers looking to get onto the housing ladder with a lower deposit and manageable monthly outgoings, or investors considering shared-ownership income. Seek independent legal and financial advice to confirm mortgage suitability, and check allocation and resale rules tied to shared ownership before committing.
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