2 bedroom apartment for sale
Ash Way, Woodford Green, IG8 8FL
Share percentage 35%, full price £375,000, £6,563 Min Deposit.
Share percentage 35%, full price £375,000, £6,563 Min Deposit.
Monthly Cost: £1,684
Rent £693,
Service charge £260,
Mortgage £731*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Woodford Green, London
Description
This bright and modern two-bedroom apartment is now available in Woodford Green through Shared Ownership.
The property is over two storeys and comprises an entrance hall, a spacious living room with a modern open-plan kitchen, two bedrooms, and two WCs, one on each floor.
Outside, there is secure allocated underground parking, a gated bike store, and a communal outdoor garden area. Perfect for couples and families.
Available for £131,250 for 35% share based on the marketing figure of £375,000.
Monthly rent - £692.86
Monthly Service Charge - £259.58
Total Monthly Charge - £952.44 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property situates in a mixture of residential, green, and classic London urban areas, in London Zone 4. All local amenities are nearby and within walking distance, including large supermarkets, pubs and restaurants.
It's also strategically positioned thanks to its proximity to road links and public transportation.Central London can be reached in about 40 minutes, and the M11 can be reached in circa 10 minutes.
There are also several health clinics and many good schools in the area.
Woodford Green is also renowned for its beautiful natural surrounding areas, such as Roding Valley Park, just around the corner from the flat, and Claybury Park.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 116
In certain cases, 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
- Two-bedroom apartment
- Two storeys
- Modern building (2016)
- Secure underground parking
- 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 £375,000, £6,563 Min Deposit. Calculated using a representative rate of 5.03%
