2 bedroom apartment for sale
Sonar House, , IG6 2FA
Share percentage 50%, full price £340,000, £17,000 Min Deposit.
Share percentage 50%, full price £340,000, £17,000 Min Deposit.
Monthly Cost: £1,447
Rent £445,
Service charge £144,
Mortgage £858*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Ilford, London
Description
Modern and well-presented two-bedroom apartment in Ilford available through Shared Ownership. The first-floor apartment comprises an entrance hall with a storage cupboard, a large open plan reception room, and kitchen, a master bedroom with an en-suite, a second bedroom, and a family bathroom. The property also benefits from a private balcony and access to the communal roof terrace.
Minimum income required: £60,946
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £170,000 for 50% share based on the marketing figure of £340,000.
SO Resi Monthly Payment - £445.28
Monthly Service Charge - £143.91
Total Monthly Charge - £589.19 plus mortgage required for 50% share.
The property is approximately 74m2.
Kitchen / Reception room: 8.76 x 3.53
Bedroom 1: 3.78 x 3.68
Bedroom 2: 4.01 x 3.76
Balcony: 3.61 x 2.01
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions 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 refer to Resale Team for up-to-date information.
Key Features
- Two bedrooms
- First floor
- Open plan living area
- Private balcony
- Access to communal roof terrace
- Available for 50% 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 50%, full price £340,000, £17,000 Min Deposit. Calculated using a representative rate of 4.59%
