1 bedroom apartment for sale
Aston House, RM8 2FN
Share percentage 50%, full price £220,000, £11,000 Min Deposit.
Share percentage 50%, full price £220,000, £11,000 Min Deposit
Monthly Cost: £1,044
Rent £285,
Service charge £204,
Mortgage £555*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
In the heart of Barking town centre, on the District Line, with easy access to central London.
Description
SHARED OWNERSHIP
Full Market Value: £220,000
Share Value (50%): £110,000
Monthly Rent: £284.58
Service Charge: £203.77
125 year lease commenced June 2013 - 113years remaining
EWS1 CERTIFICATION - B2 rating - LETTER OF ASSURANCE CONFIRMS NO CHARGES TO LEASEHOLDERS
Enter this well planned apartment via a spacious hallway lined with storage. The large dual aspect open plan reception room, leading to a wrap around balcony overlooking communal gardens, features floor to ceiling windows bringing in plenty of light due to its south and west facing aspect. The modern kitchen includes integrated oven, hob and extractor. The bedroom is also south facing. A part tiled family bathroom incorporating a shower over the bath, completes the accommodation.
Academy Central enjoys a prime position in Dagenham, within a leisurely walk from the local station, which is serviced by the District line, allowing for easy access to central London and other surrounding areas.
Beyond its excellent transport links, the neighbourhood surrounding Academy Central is rich in amenities. Residents will find an array of shops, supermarkets, and local businesses within close proximity, ensuring that everyday needs are easily met. The area is also home to several parks and green spaces, providing a welcome retreat for leisurely strolls, picnics, or outdoor activities.
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 £39,705. 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 March 2025.
Key Features
- Excellent transport links
- Close to local amenities
- Plenty of storage
- Lovely communal gardens
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: B
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 - Allocated
Outside Space/Garden: Yes - 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 £220,000, £11,000 Min Deposit. Calculated using a representative rate of 4.59%
