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£144,000
This superb modern home is available to buy from as little as £144,000 with a 45% share!
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £320,000 and a purchaser would not need to meet the eligibility criteria listed above.
Set within a well-maintained development on Trevor Roper Close, this spacious two-bedroom third floor apartment offers a fantastic opportunity for buyers looking for a well-connected home with great local amenities.
The property features a bright and generously sized reception room, perfect for both relaxing and entertaining, with direct access to a private balcony. There is a separate fitted kitchen, two well-proportioned bedrooms, and a family bathroom, all arranged off a central hallway which enhances the sense of space throughout.
Additional benefits include a private gated car park for residents, providing both convenience and security.
Ideally located in Ilford, the property is within easy reach of a wide range of local shops, supermarkets, cafés, and restaurants. For commuters, Ilford Station offers excellent connections via the Elizabeth Line, providing swift access into Central London and beyond. There are also numerous bus routes nearby, making travel around the local area simple and convenient.
PRICING & AFFORDABILITY
Full Market Value: £320,000
45% Share Price: £144,00 (rent £539,25pcm)
Minimum 5% Mortgage Deposit (45% share): £7200
Approximate Service Charges: £176.36pcm*
Lease: 118 years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership
