1 bedroom apartment for sale
Ilford Hill, , IG1 2ZJ
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Monthly Cost: £1,110
Rent £405,
Service charge £150,
Mortgage £555*
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
A spacious, one-bedroom apartment in central Ilford location is available for shared ownership. This property comprises an open plan large lounge area with a private balcony and a modern kitchen, entrance hall, large bedroom, and contemporary bathroom with shower over bath. The property also benefits from great travel links.
Minimum income required: £41,522
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £110,000 for 40% share based on the marketing figure of £275,000.
Monthly rent - £404.92
Monthly Service Charge - £150.23
Total Monthly Charge - £555.15 plus mortgage required for 40% share.
An annual rent increase takes place every April
Layout and dimensionsReception
3.0m x 5.2m
Kitchen
2.0m x 5.2m
Bedroom 1
4.6m x 3.1m
Bathroom with WC
2.3m x 2.3m
Years remaining on lease: 122
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
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
- Seventh floor
- Communal gardens
- Great condition
- 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 £275,000, £11,000 Min Deposit. Calculated using a representative rate of 4.59%
