2 bedroom apartment for sale
Ilford Hill, Ilford, IG1 2ZJ
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Share percentage 25%, full price £350,000, £4,375 Min Deposit
Monthly Cost: £1,541
Rent £767,
Service charge £287,
Mortgage £487*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Ilford, London
Description
A spacious, contemporary two-bedroom apartment in Ilford is now available for Shared Ownership.
On the second floor, this property comprises an open plan large lounge area with a private balcony and a modern kitchen, entrance hall, a large bedroom, a smaller one, and a shared bathroom. Perfect for couples or a single person.
The flat was built in circa 2019 and it has allocated parking space.
Available for £87,500 for 25% share based on the marketing figure of £350,000.
Monthly rent - £767.09
Monthly Service Charge - £287.39
Total Monthly Charge - £1,054.48 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is in a central location close to shopping and dining facilities. The Exchange Ilford mall is just a short walk away. Ilford rail station is less than 3 minutes away, with the Elizabeth Line available, making this property great for commuters. Liverpool Street, in Central London, is less than half an hour away from there.
EPC ratingEnergy rating band - B
Environmental impact band - A
Years remaining on lease: 119
In certain cases, 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.
Key Features
- Two-bedroom apartment
- Modern building (2019)
- Private balcony
- Allocated parking
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 25%, full price £350,000, £4,375 Min Deposit. Calculated using a representative rate of 5.03%
