1 bedroom apartment for sale
Hale Point, 45 Ilford Hill, IG1 2ZL
Share percentage 35%, full price £300,000, £5,250 Min Deposit.
Share percentage 35%, full price £300,000, £5,250 Min Deposit.
Monthly Cost: £1,117
Rent £425,
Service charge £107,
Mortgage £585*
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
This modern, well-decorated, one-bedroom apartment is now available in Ilford through Shared Ownership.
The property, on the 7th floor, compresses an entrance hallway with storage, a living room with a modern open-plan kitchen, one bedroom, a bathroom, and a private balcony. This is ideal for couples or a single person.
Key Information Document
Available for £105,000 for 35% share based on the marketing figure of £300,000.
Monthly rent - £424.53
Monthly Service Charge - £107.33
Total Monthly Charge - £531.86 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is located in the centre of Ilford, close to a range of local amenities. Ilford station is a short walk away and offers connections to central London.
The property is also well located for quick access to the North Circular Road (A406). Ilford offers a range of amenities, including shops, supermarkets, pubs, restaurants, and other entertainment facilities, including Ilford Golf Club.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 54 m²
Living room & kitchen: 7.64 x 4.34 m
Bedroom 1: 4.04 x 3.73 m
Balcony: 3.20 x 2.57 m
Years remaining on lease: 120
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.
Key Features
- One-bedroom apartment
- Modern open plan kitchen
- Great storage
- Close to local amenities
- 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 £300,000, £5,250 Min Deposit. Calculated using a representative rate of 5.03%
