2 bedroom apartment for sale
Albright Court, IG11 7HD
Share percentage 75%, full price £310,000, £23,250 Min Deposit.
Share percentage 75%, full price £310,000, £23,250 Min Deposit.
Monthly Cost: £1,671
Rent £216,
Service charge £275,
Mortgage £1,180*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Modern apartment situated in The Weavers Quarter
Description
SHARED OWNERSHIP
Full market value - £310,000
You pay (75%) - £232,500
Monthly rent - £216.21
Service charge - £274.92
Ground rent payable - £178 per annum
Council tax band - C
130year lease commencedJanuary 2017-123years remaining
EWS1 Certification is available for this property
Barking Station, offers excellent overground and underground connections into London, while the c2c line (named 'Rail Operator of the Year' at the 2018 National Transport Awards) offers fast, reliable services throughout East London and South Essex. There are also three major supermarkets, a theatre, sports centre and shopping mall within walking distance.
A buyer will need to raise a mortgage to purchase this home.
To meet the requirements for this property we require as a guideline, a minimum household income of £62,641.If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered aproperty in one ofour schemes. In order to register, please visit our website www.lqhomes.com to register and obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correctas of February 2024.
Key Features
- Living area open plan to kitchen and with doors to private balcony
- Kitchen fitted with high gloss units with wood effect work surfaces and featuring integrated appliances
- Two double bedrooms
- Two large storage cupboards
- Communal heating system
- Communal gardens
Particulars
Tenure: Leasehold
Lease Length: 123 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 75%, full price £310,000, £23,250 Min Deposit. Calculated using a representative rate of 4.64%
