2 bedroom apartment for sale
Choice View, Axon Place, IG1 1NL
Share percentage 30%, full price £265,000, £7,950 Min Deposit.
Share percentage 30%, full price £265,000, £7,950 Min Deposit
Monthly Cost: £1,365
Rent £625,
Service charge £339,
Mortgage £401*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Two bedroom apartment in central Ilford.
Description
SHARED OWNERSHIP
Full Market Value: £265,000
Share Value (30%): £ 79,500
Monthly rent: £624.80
Service Charge: £339.48
Ground Rent: £280 pa
Council Tax Band: D
125 year lease commenced 1st January 2017 - 116 years remaining
EWS1: B2 rating - Letter of assurance available for lenders
All rooms lead from the main hallway in this apartment, which includes two large storage cupboards. The spacious open plan living room has plenty of natural light, the kitchen providing ample storage and workspace and including integrated oven, hob and extractor, with spaces for white goods There are two generously sized bedrooms and a part-tiled family bathroom.
Choice View is surrounded by local amenities and restaurants such as McDonalds, Khan Baba restaurant, Lidl, Farmfoods, Argos, Greggs and many more. The area boasts many Ofstead rated 'good' schools such as Winston Way Academy, Christchurch Primary School, Ursuline Academy and Prep Schools and St Peter & Paul's Catholic Primary School. Ilford Station with Elizabeth line is just a short distance away, from which you can reach central London in under 20 minutes. Gants Hill, Seven Kings and Newbury Park are all approximately a mile away.
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 £51,169. 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.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 of February 2025.
Key Features
- Good transport links
- Minutes from Ilford Station
- Well kept communal areas
- Gas central heating (not tested)
- Hardwood laminate flooring
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: D
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: Yes - Communal Garden
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 30%, full price £265,000, £7,950 Min Deposit. Calculated using a representative rate of 4.59%
