2 bedroom apartment for sale
Oculus House, Barking, IG11 8NW
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Monthly Cost: £1,337
Rent £679,
Service charge £171,
Mortgage £487*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Barking, London
Description
Modern, beautifully presented two-bedroom apartment in Barking. The property comprises a large open-plan lounge with a kitchen and space for a dining table and doors to a private balcony, two large double bedrooms, a master bedroom with a built-in wardrobe, and two bathrooms a contemporary bathroom with a shower over a bathtub and shower room bathroom with heated towel rack. The property also has a concierge service.
KID Document
Available for £87,500 for 25% share based on the marketing figure of £350,000.
Monthly rent - £679.43
Monthly Service Charge - £171.10
Total Monthly Charge - £850.53 plus mortgage required for 25% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 243
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 - A
Key Features
- Two bedrooms
- Sixth Floor
- Private Balcony
- Great transport links with Barking station immediately outside
- Close to local amenities including Tesco, Asda and shopping centre
- Close to local schools
- Underfloor heating
- Available for 25% 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 25%, full price £350,000, £4,375 Min Deposit. Calculated using a representative rate of 5.03%
