£191,250

This bright and modern three-bedroom apartment is now available in Ilford through Shared Ownership.

The property is on a raised ground floor and comprises an entrance hall, a living room with a modern semi-separate open-plan kitchen, a small toilet and a private terrace. Upstairs, there are three bedrooms and a family bathroom.

Outside, there is a private paved garden and off-street parking. Perfect for couples or singles.

Available for £191,250 for 45% share based on the marketing figure of £425,000.

Monthly rent - £713.23
Monthly Service Charge - £220.82
Total Monthly Charge - £934.05 plus mortgage required for 45% share.

An annual rent increase takes place every April

The property is located in a residential area just outside the town centre of Ilford, where the Elizabeth Line can take you to the central area in about 20 minutes from there. There's also an underground station where the Central line is available.

The property is surrounded by green and natural areas, such as Wanstead and Valentines Park.

There are several schools in the area for all levels, many of which are within walking distance.

The Ilford Exchange is also a large shopping centre within walking distance, with several shops, restaurants and pubs available.

Energy rating band - B
Environmental impact band - B

Years remaining on lease: 118

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.