1 bedroom apartment for sale

Available

Lariat Court, IG11 7RY

£121,500 · Shared Ownership Resale

Share percentage 45%, full price £270,000, £12,150 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£121,500 Shared Ownership Resale

Share percentage 45%, full price £270,000, £12,150 Min Deposit.

Monthly Cost: £1,267
Rent £420, Service charge £234, Mortgage £613*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

Our Spring Offer: A £1,000 Amazon voucher on completion!* (Please ensure to include the * as this refers to terms included the main description) Modern one bedroom apartment.

Description

Shared Ownership

Full Market Value: £270,000

Share Value (45%): £121,500

Monthly Rent: £419.68

Service Charge: £233.73

Council Tax Band: C

130 year lease commenced July 2015 -120 years remaining

EWS1 - A2

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment* (Please ensure to include the * as this refers to terms included the main description)

L&Q welcomes you to view this one bedroom, 6th floor apartment.

On entering this beautiful modern apartment , there is a good size hallway with storage a cupboard. This bright and spacious one bedroom apartment is flooded with natural light from wide floor-length windows and door which opens onto a private balcony. The kitchen is fitted with modern beige gloss effect wall and base units finished with a wooden worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob and extractor fan. The spacious double bedroom is both bright and airy with floor to ceiling windows. The bathroom comes complete with a white three-piece suite with a shower over bath and a wood effect tile surround.

Lariat Court is just a few minutes walk from Barking High Street which offers a range of shops and restaurants plus a Lidl and Asda Superstore.

It is also positioned perfectly for those who are commuting into London, with it being only a short walk to Barking Station, which offers an overground service and underground trains on the District and Hammersmith & City Lines

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £47,796. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our website lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at September 2024.

Key Features
  • Long Lease
  • Good EPC rating
  • Private Balcony
  • Communal Gardens
  • Near to Local Amenities
  • Good Traffic Links
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Barking (0.40 miles) Upney (0.88 miles) East Ham (1.39 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£121,500
Shared Ownership Resale
Estimated Monthly Cost:£1,267
Rent £420
Service Charge £234
Mortgage £613

Share percentage 45%, full price £270,000, £12,150 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.