2 bedroom house for sale
Powell Drive, E4 7FG
Share percentage 75%, full price £425,000, £31,875 Min Deposit.
Share percentage 75%, full price £425,000, £31,875 Min Deposit.
Monthly Cost: £1,866
Rent £216,
Service charge £41,
Mortgage £1,609*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least£78,500.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £32,000. Total approximate savings required £36,000.
Important borough specific eligibility criteria:
All London applicants will be considered. However, those living and working in Epping Forest will be given priority
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Two bedroom house in Epping Forest available through Shared Ownership 75% at £318,750.
Description
Internal
- Entrance hallway
- Kitchen
- Lounge
- Bedroom 1
- Bedroom 2
- Bathroom
- W/C
External
- Garden
- Driveway
Gross Internal Area
71sqm
EPC rating
C
Length of lease
113 Years Remaining
Borough
Epping Forest
Key Features
Local Area
Easy access to various amenities; schools, gyms, shops, restaurants, bars and recreational facilities.
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: D
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 75%, full price £425,000, £31,875 Min Deposit. Calculated using a representative rate of 4.59%
