2 bedroom apartment for sale
Allerton House, IG7 4GF
Share percentage 50%, full price £330,000, £16,500 Min Deposit.
Share percentage 50%, full price £330,000, £16,500 Min Deposit
Monthly Cost: £1,577
Rent £498,
Service charge £246,
Mortgage £833*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Allocated parking, long lease, good EPC rating, en-suite bathroom.
Description
Shared Ownership
Full Market Value: £330,000
Share Value (50%): £165,000
Monthly Rent: £516.01
Service Charge: £192.68
Council Tax Band: C
125 year lease commenced November 2017 -118 years remaining
EWS1 - EWS1 certification status for this property is the responsibility of a third party and is currently unknown. More information on EWS1 certificates can be found on the LQ Group website by searching "EWS1"
L&Q welcomes you to view this two bedroom, second floor apartment.
A beautiful modern bright and airy two bedroom apartment. This property benefits from a family bathroom and an en-suite. The kitchen / living room is a good size. The kitchen has beautiful modern cream gloss units with wood effect worktops, which has the benefit of integrated appliances such as oven, fridge and dishwasher. Both bedrooms are of good size. The main bedroom has fitted wardrobes and a modern ensuite bathroom which beautiful slate effect tiles. The main bathroom consists of a white three piece suite and also has beautiful slate effect tiles. The property also has the benefit of an allocated parking space.
Oaklands Hamlets is a parkland development, adjacent to Hainault Forest Golf Club. Residents can enjoy a central community square and 25 acres of public open space, including a new country park and a cycle path to Collier Row, as well as superb views of Canary Wharf and the surrounding countryside. Even better, the City is just 40 minutes away, making Oaklands Hamlet a convenient location to call home.
Oaklands Hamlet is well served with a variety of independent and state schools nearby. Whether your child is starting primary school or studying for their GCSEs, they are in a great place to learn and thrive. Clockhouse Primary School is located 2 miles away and includes a nursery. The Forest Academy 1.7 miles away is a mixed academy for students aged between 11-19. Redbridge College is just 3 miles away from the development offering a wide range of courses to students.
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 £57,898. If you are offered the property, 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 lqhomes.com and 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 February 2025.
Key Features
- Long length of lease
- Good EPC rating
- Double Glazed
- Allocated Parking
- Good Transport Links
- Entry Phone System (not tested)
En Suite Bathroom
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 50%, full price £330,000, £16,500 Min Deposit. Calculated using a representative rate of 4.59%
