2 bedroom apartment for sale
Sonar House, , IG6 2FA
Share percentage 40%, full price £340,000, £13,600 Min Deposit.
Share percentage 40%, full price £340,000, £13,600 Min Deposit.
Monthly Cost: £1,370
Rent £536,
Service charge £144,
Mortgage £690*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Ilford, London
Description
Modern and spacious two-bedroom apartment in Ilford, London available through Shared Ownership. This third-floor apartment comprises a private entrance hall with storage, an open plan kitchen and reception room, a primary bedroom with en-suite, a further second bedroom, and a family bathroom. The property also benefits from a private balcony accessed via the reception room and access to the communal roof terrace.
Minimum income required: £51,254
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £136,000 for 40% share based on the marketing figure of £340,000.
Monthly rent - £535.58
Monthly Service Charge - £143.91
Total Monthly Charge - £679.49 plus mortgage required for 40% share.
The property is approximately 74m2.
Hallway: 3.28 x 2.79
Kitchen / Reception room: 8.76 x 3.56
Bedroom 1: 3.81 x 3.68
Bedroom 2: 4.01 x 3.78
Balcony: 3.91 x 1.91
EPC ratingEnergy Rating Band - B
Other informationAll room dimensions are approximate.
Please note figures given for the rent and service charge are correct at the time of marketing. There is an annual increase that takes place in April. Please contact us for more information.
Key Features
- Two bedrooms
- Two bathrooms
- Open plan living area
- Private balcony
- Communal roof terrace
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £340,000, £13,600 Min Deposit. Calculated using a representative rate of 4.64%
