1 bedroom apartment for sale
Hale Point, , IG1 2ZL
Share percentage 40%, full price £290,000, £11,600 Min Deposit.
Share percentage 40%, full price £290,000, £11,600 Min Deposit.
Monthly Cost: £1,123
Rent £405,
Service charge £132,
Mortgage £586*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Ilford, Greater London
Description
Beautiful, modern one-bedroom apartment in Ilford available through Shared Ownership. This 9th-floor apartment comprises an entrance hall with storage, an open plan reception room and kitchen, a large bedroom, and a bathroom. The property also benefits from a balcony accessed via the reception room and underfloor heating.
Minimum income required: £43,211
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £116,000 for 40% share based on the marketing figure of £290,000.
SO Resi Monthly Payment - £405.13
Monthly Service Charge - £132.29
Total Monthly Charge - £537.42 plus mortgage required for 40% share.
The property is approximately 53m2.
Reception room / Kitchen: 7.62 x 4.39
Bedroom: 4.04 x 2.77
Balcony: 3.20 x 2.57
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- One bedroom
- Open plan living area
- Private balcony
- Close to local amenities
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 40%, full price £290,000, £11,600 Min Deposit. Calculated using a representative rate of 4.59%
