2 bedroom apartment for sale
Tallow Close, Dagenham, RM9 6EF
Share percentage 35%, full price £240,000, £4,200 Min Deposit.
Share percentage 35%, full price £240,000, £4,200 Min Deposit.
Monthly Cost: £1,051
Rent £457,
Service charge £126,
Mortgage £468*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Dagenham, London
Description
Modern, bright & spacious two-bedroom apartment now available in London through Shared Ownership.
The property is located on the second-floor and comprises a living room with a private balcony, a fitted kitchen and two bedrooms. This could be ideal for a small family.
Available for £84,000 for 35% share based on the marketing figure of £240,000.
Monthly rent - £456.60
Monthly Service Charge - £126.23
Total Monthly Charge - £582.83 plus mortgage required for 35% share.
An annual rent increase takes place every April
Layout and dimensionsGross internal floor area: 62m²Living room: 5.84 x 3.84mKitchen: 2.87 x 2.24mBedroom 1: 3.84 x 3.51mBedroom 2: 3.51 x 2.08mLease informationYears remaining on lease: 83
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 - BEnvironmental impact band - BOther informationThe lease can be extended to 974 years for an additional £1,502.20
Key Features
- Two-bedroom apartment
- Second floor
- Balcony space
- Great transport links
- Available for 35% share
- 5% minimum deposit only
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 35%, full price £240,000, £4,200 Min Deposit. Calculated using a representative rate of 5.03%
