1 bedroom apartment for sale
Ilford Hill, Ilford, IG1 2ZL
Share percentage 30%, full price £300,000, £4,500 Min Deposit.
Share percentage 30%, full price £300,000, £4,500 Min Deposit.
Monthly Cost: £1,287
Rent £583,
Service charge £203,
Mortgage £501*
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
A spacious, luxurious one-bedroom apartment in Ilford is available for shared ownership.
On the seventeenth floor, this property comprises an open plan large lounge area with a private balcony and a modern kitchen, entrance hall, large bedroom, and a bathroom. The property also benefits from great travel links. This apartment is perfect for couples or a single person.
Available for £90,000 for 30% share based on the marketing figure of £300,000.
Monthly rent - £583.15
Monthly Service Charge - £203.20
Total Monthly Charge - £786.35 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is in a central location close to shopping and dining facilities. The Exchange Ilford mall is just a short walk away. Ilford rail station is less than 3 minutes away making this property great for commuters.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 55 m²
Living room: 4.45 x 4.34 m
Kitchen: 3.05 x 2.21 m
Bedroom 1: 4.06 x 3.73 m
Balcony: 3.20 x 2.54 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 kitchen
- Private balcony
- Close to local amenities
- Available for 30% 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 30%, full price £300,000, £4,500 Min Deposit. Calculated using a representative rate of 5.03%
