2 bedroom apartment for sale
Hayhill Mansions, IG11 0YD
Share percentage 25%, full price £320,000, £8,000 Min Deposit.
Share percentage 25%, full price £320,000, £8,000 Min Deposit.
Monthly Cost: £1,258
Rent £616,
Service charge £236,
Mortgage £406*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Private balcony / Good EPC rating / Excellent transport links
Description
Shared Ownership
Full Market Value: £320,000
Share Value (25%): £80,000
Monthly Rent: £615.63
Service Charge: £236.08
Council Tax Band: C
125 year lease commenced November 2017 -118 years remaining
EWS1 - Available with B1 Rating
L&Q welcomes you to view this 2 bedroom, 1 bathroom , 3rd floor apartment.
Property Description
Thisbright andspaciousthird floor apartment consistsof astylishopen-plan kitchen , dining and living area, flooded with natural light from wide and floor-length windows. The spacious kitchen is fitted with gloss effect wall and base units and a black marble effect worktop. The spacious kitchen with return also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom with fitted wardrobe. Bright and airy second double bedroom with floor-length windows. The family bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboards in hallway.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Property Location
Part of the Barking Riverside development. Close to the A13 as well as the Uber clipper making this a great location for transport services. Located in Barking, the property is close to local amenities and shops and has good school links, within a short distance of Riverside Secondary School and Thames View Junior School. Barking Riverside over ground station is located within a short walk, providing services into central London and surrounding areas.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £47,206. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants 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 a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to 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 correct as of April 2024.
Key Features
- Within building warranty
- Modern Kitchen with fully integrated appliances
- Fitted wardrobe in main bedroom
- Storage cupboards in hallway
- Excellent transport links
Particulars
Tenure: Leasehold
Lease Length: 118 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 25%, full price £320,000, £8,000 Min Deposit. Calculated using a representative rate of 4.64%
