2 bedroom house for sale
Baden Drive, E4 7FF
Share percentage 25%, full price £460,000, £11,500 Min Deposit.
Share percentage 25%, full price £460,000, £11,500 Min Deposit.
Monthly Cost: £1,299
Rent £677,
Service charge £41,
Mortgage £581*
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 £50,004. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,500. Total approximate savings required £15,500.
Important eligibility criteria:
Priority will be given to those who are currently living and/or working within Epping Forest.
Applicants must be earning under £90,000 to be eligible.
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 Detached House In London Borough of Epping Forest Available Through Shared Ownership - 25% Share £115,000 - Full Market Value £460,000
Description
Ground Floor:
Living room
Separate WC
Kitchen
First Floor:
x2 Bedrooms
Bathroom with WC
External:
Garden
Parking x2
GIA (Gross Internal Area):
Approx 71 sqm
Length of Lease:
113 years remaining
Key Features
The property is located in Baden Drive, a quiet residential location which provides access for local shops and amenities as well as buses to Chingford Station for convenient commute to Central London.
The M25 and M11 motorways are also nearby.
Local Transport:
Ponders End Station (2.1 miles)
Chingford Station (2.2 miles)
Brimsdown Station (2.8 miles)
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: D
Map
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 25%, full price £460,000, £11,500 Min Deposit. Calculated using a representative rate of 4.59%
