Clarence Avenue, Ilford, Essex - 75% share (£247,500)

Under offer

Full price: £330,000 The full value of the property

Share value: 75% - £247,500

Estimated monthly cost*: £1,656

Estimated Monthly Mortgage*: £1,240

SO Resi Monthly Payment: £190.20 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge**: £226.41 Residents of a development pay this for maintenance of communal/external areas

* Costs shown are approximate and based on a mortgage APR of 3.99% over 25 years. Minimum 5% deposit shown. An independent financial adviser will help guide you through the process.

** Monthly service charges are an estimate but include (where applicable); buildings insurance, ground rent, management and audit fees, cleaning, lighting, landscaping and general maintenance of communal areas.


Years on lease: 123

Eligibility: Live & Work in Local Authority

Two bedroom apartment close to Gants Hill station. The property comprises of a master bedroom, secondary bedroom, open plan lounge and kitchen area, bathroom. Property also includes a balcony.

Location

Short walk to Gants Hill station (Zone 4). Area has good transport links, restaurants and local amenities including pharmacies and shops. Good local secondary and primary schools.

Description

Key Features

  • Two bedroom
  • First floor
  • Balcony
  • Gated entrance
  • Available for 40% share
  • Minimum income: £45,549

Full Description

A two bedroom first floor apartment located in Ilford available through Shared Ownership Scheme

Available for £132,000 for 40% share based on the marketing figure of £330,000

SO Resi Monthly Payment - £456.50
Monthly Service Charge - £226.41
Total Monthly Charge - £682.91 PLUS MORTGAGE REQUIRED FOR 40% SHARE

EPC Rating

Energy Rating Band - B
Environmental Impact Band - B

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.

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