1 bedroom apartment for sale
Hale Point, , IG1 2ZL
Share percentage 50%, full price £280,000, £7,000 Min Deposit.
Share percentage 50%, full price £280,000, £7,000 Min Deposit.
Monthly Cost: £1,309
Rent £361,
Service charge £168,
Mortgage £780*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Ilford, Greater London
Description
Spacious, modern 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. This apartment is perfect for couples or single occupancy.
KIDS Document
Minimum income required: £50,717
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £140,000 for 50% share based on the marketing figure of £280,000.
Monthly rent - £361.03
Monthly Service Charge - £168.06
Total Monthly Charge - £529.09 plus mortgage required for 50% share.
An annual rent increase takes place every April
Layout and dimensionsEntrance hallway:
5.6m x 1.8m
Kitchen Lounge:
6.4m x 4.5m
Bedroom 1:
3.7m x 3.1m
Bathroom:
2.1m x 2.0m
Years remaining on lease: 121
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
Key Features
- One bedroom
- Close to Elizabeth line
- First floor apartment
- Private balcony
- Good storage
- Communal gardens
- Great condition
- Close to local amenities
- 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 £280,000, £7,000 Min Deposit. Calculated using a representative rate of 5.03%
