2 bedroom house for sale

Available

21 Marconi Road, E10 7JD

£212,500 · Shared Ownership Resale

Share percentage 50%, full price £425,000, £10,625 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Garden
Parking
£212,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £425,000, £10,625 Min Deposit.

Monthly Cost: £1,700
Rent £487, Service charge £120, Mortgage £1,093*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

For those looking to buy a Shared Ownership home, there are some eligibility requirements that must be met. The general eligibility criteria for Shared Ownership is as follows:

  • You must be at least 18 years old.
  • Outside of London your annual household income must be less than £80,000.
  • In London, your annual household income must be less than £90,000.
  • You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
  • You should not be able to afford to buy a home suitable for your housing needs on the open market.
  • You must show you are not in mortgage or rent arrears.
  • You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
  • Additionally, you will generally need between 5-10% of the equity share that you’re purchasing as a deposit, and should have access to at least £4,000 to cover the other costs of buying a property. This is a guideline figure and the actual amount may vary. For more information, check out thecosts associated with buying a Shared Ownership home.
Summary

2 Bedroom House with parking for Shared Ownership Resale - E10

Description

A wonderfully presented 2 bedroom property/house available now for resale in Waltham Forest under the Shared Ownership Scheme.

The Shared ownership scheme is a fantastic opportunity for first time buyers to purchase their first home.

This wonderful 2 bedroom property, with private rear garden and 2x off road parking spaces has been designed to meet your every comfort and provides a contemporary feel, perfect for relaxed living.

The property benefits from:

- Fitted integrated oven & hob which are included in the sale
- Private outdoor space (front & rear garden)
- Carpets to bedrooms, stairs & landing
- Wooden effect flooring to lounge and hallway areas
- Modern white décor throughout
- 2x Off-road allocated parking spaces (1x on Driveway & 1x allocated off-road)
- Good local transport links & amenities close by

To receive more information and book viewing please email or call to register your interest: 0203 376 6455 or il@imagine-group.co.uk

Located in E10 - Waltham Forest, close to amenities & good transport links

Particulars

Tenure: Not specified
Council Tax Band: D

Map
Leyton Midland Road (0.62 miles) Lea Bridge (0.78 miles) Leyton (0.88 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£212,500
Shared Ownership Resale
Estimated Monthly Cost:£1,700
Rent £487
Service Charge £120
Mortgage £1,093

Share percentage 50%, full price £425,000, £10,625 Min Deposit. Calculated using a representative rate of 4.24%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.