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

Under offer

Property details

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.

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.

Other information

Years on lease: 123

Eligibility

Live & Work in Local Authority

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.

Prices and monthly costs

Share price:

75% share (full price £330,000)

Estimated monthly cost:£1,657*

Monthly cost breakdown

Mortgage payment:£1,240

SO Resi Monthly Payment:£190

Monthly Service Charge:£226

* Costs shown are approximate, mortgage figures are shown for illustration purposes only and use a guide interest rate of 3.99%. The actual rate will depend on your circumstances and you should seek mortgage advice to establish a personalised illustration of your mortgage.

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