1 bedroom apartment for sale
Hale Point, , IG1 2ZL
Share percentage 25%, full price £290,000, £7,250 Min Deposit.
Share percentage 25%, full price £290,000, £7,250 Min Deposit.
Monthly Cost: £1,087
Rent £551,
Service charge £168,
Mortgage £368*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Ilford, Greater London
Description
Beautifully presented one-bedroom apartment in Ilford available through Shared Ownership. This eleventh-floor apartment comprises an entrance hall with storage cupboards, an open plan living room with a balcony, a kitchen with space for a dining table, one large bedroom, and a bathroom. The property also benefits from a private balcony with stunning views of London.
Minimum income required: £31,610
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £72,500 for 25% share based on the marketing figure of £290,000.
Monthly rent - £551.42
Monthly Service Charge - £168.06
Total Monthly Charge - £719.48 plus mortgage required for 25% share.
An annual rent increase takes place every April
Layout and dimensionsThe accommodation comprises:
Internally
Entrance hall, open plan lounge and kitchen, one bedroom, bathroom/WC.
Externally
The property has a private balcony and access to a communal podium.
Floor Area
The gross internal floor area of the property is approximately 54sq m.
Years remaining on lease: 123
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- One bedroom
- Eleventh floor
- Private balcony
- Communal podium
- Open plan living area
- Available for 25% 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 25%, full price £290,000, £7,250 Min Deposit. Calculated using a representative rate of 4.64%
