1 bedroom apartment for sale
Sonar House, Marine Crescent, IG6 2FA
Share percentage 40%, full price £290,000, £5,800 Min Deposit.
Share percentage 40%, full price £290,000, £5,800 Min Deposit.
Monthly Cost: £1,193
Rent £425,
Service charge £107,
Mortgage £661*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Ilford, London
Description
This bright, modern, well-decorated one-bedroom apartment is now available in Ilford through Shared Ownership.
On the second floor, the property comprises a spacious living room with a modern fitted kitchen, a bedroom, a bathroom, a balcony, and off-street parking. This is ideal for couples or a single person.
The property is close to various local amenities, including supermarkets, shops, and restaurants. The property also benefits from proximity to a range of parks and recreational fields, includingFairlop Waters Country Park.
Barkingside underground station is a 7-minute walk from the property and offers connections on the central line.
Available for £116,000 for 40% share based on the marketing figure of £290,000.
Monthly rent - £424.59
Monthly Service Charge - £107.25
Total Monthly Charge - £531.84 plus mortgage required for 40% share.
An annual rent increase takes place every April
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 50 m²
Living room & kitchen: 7.01 x 3.56 m
Bedroom 1: 6.48 x 2.79 m
Balcony: 3.25 x 1.54 m
Years remaining on lease: 115
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.
Other informationThe property is located close to a range of local amenities including supermarkets, shops, and restaurants. The property also benefits from close proximity to a range of parks and recreational fields, includingFairlop Waters Country Park.Hainault underground station is roughly a 4-minute walk from the property and offers connections on the central line.
Key Features
- One-bedroom apartment
- Off-street parking
- Private balcony
- Good Travel links
- Available for 40% share
- 5% minimum deposit only
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 £290,000, £5,800 Min Deposit. Calculated using a representative rate of 5.26%