2 bedroom house for sale
Powell Drive, E4 7FG
Share percentage 25%, full price £425,000, £10,625 Min Deposit.
Share percentage 25%, full price £425,000, £10,625 Min Deposit
Monthly Cost: £1,223
Rent £650,
Service charge £46,
Mortgage £527*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £47,116.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £10,625. Total approximate savings required £14,625.
Important borough specific eligibility criteria:
All London applicants will be considered. However, those living and working in Epping Forest will be given priority
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Two bedroom house in Epping Forest available through Shared Ownership 25% at £106,250 (Full market value £425,000)
Description
Viewings will be taking place:
Saturday 28th June and Sunday 29th June
Internal
- Entrance hallway
- Kitchen
- Lounge
- Bedroom 1
- Bedroom 2
- Bathroom
- W/C
External
- Garden
- Off Street Parking (Within estate)
Gross Internal Area
73sqm
EPC rating
C
Length of lease
112 Years Remaining
Borough
Epping Forest
Key Features
Location: Urban location. Good local amenities with schools, pubs, cafes, convenience stores, etc. Transport links are good with Chingford Train station 1.7 miles distance from the subject.
Description: A purpose-built residential development. The building is of a standard construction, double glazed windows, including heating and electricity. The demised premise is located an semi-detached house, comprising of a living and kitchen area, 2 bedrooms, bathroom, W/C, storage and garden.
Accommodation:
Hallway: 4.7m x 1m + 2.2m x 2m
Bedroom 1: 2.9m x 3.2m + 1.2m x 1m
Bedroom 2: 3.1m x 4.4m
Bathroom: 2.1m x 2.1m
W/C: 1.9m x 0.9m
Lounge: 3.6m x 4.4m + 1m x 2.2m
Kitchen: 2.2m x 2.9m + 0.9m x 1.3m
Local Area
Easy access to various amenities; schools, gyms, shops, restaurants, bars and recreational facilities.
Particulars
Tenure: Leasehold
Lease Length: 112 years
Council Tax Band: D
Property Downloads
Floor PlanMap
Material Information
Total rooms: 2
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Off Street
Outside Space/Garden: Yes - Private 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 25%, full price £425,000, £10,625 Min Deposit. Calculated using a representative rate of 4.42%
