2 bedroom house for sale
Foxglove Gardens, IG7 4FP
Share percentage 50%, full price £375,000, £18,750 Min Deposit.
Share percentage 50%, full price £375,000, £18,750 Min Deposit.
Monthly Cost: £1,591
Rent £531,
Service charge £113,
Mortgage £947*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Our Winter Offer: A £1,000 Ikea voucher on completion*. Immaculate two bedroom maisonette with great views.
Description
SHARED OWNERSHIP
Full Market Value: £375,000
Share Value (50%): £187,500
Monthly Rent: £530.53
Service Charge: £113.04
Ground Rent: £100.00 PA
Council Tax Band: C
125 year lease commenced October 2019 - 119 years remaining
For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this property*
Your own entrance to this beautifully presented first and second floor maisonette leads you to the first floor open plan triple aspect living area, incorporating a stunning modern kitchen, which has an juliette balcony. On the upper floor find two double bedrooms, one double aspect, giving views across the open countryside, the other has benefit of a fitted mirrored wardrobe. A contemporary bathroom completes the accommodation. There is side access to your own private garden and allocated parking.
Ideally located close to local shops, schools, and amenities as well as excellent transport links Including A12, M11, Grange Hill and Hainault tube stations. Oaklands Hamlets is a parkland development, adjacent to Hainault Forest Golf Club. Residents can enjoy a central community square and 25 acres of public open space, including a new country park and a cycle path to Collier Row, as well as superb views of Canary Wharf and the surrounding countryside. Even better, the City is just 40 minutes away, making Oaklands Hamlet a convenient location to call home. Oaklands Hamlet is well served with a variety of independent and state schools nearby. Whether your child is starting primary school or studying for their GCSEs, they are in a great place to learn and thrive. Clockhouse Primary School is located 2 miles away and includes a nursery. The Forest Academy 1.7 miles away is a mixed academy for students aged between 11-19. Redbridge College is just 3 miles away from the development offering a wide range of courses to students.
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 £59,745. If you are offered the home, 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 www.lqhomes.comand 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 of January 2025.
*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.
Key Features
- Great location
- Good EPC rating
- Allocated Parking Bay
- Private Garden
- Integrated appliances
- Gas central heating
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 50%, full price £375,000, £18,750 Min Deposit. Calculated using a representative rate of 4.59%