We are pleased to bring to the market this 1 bedroom Apartment Shared Ownership. It is situated in Illford, Greater London and is available now

This superb modern home is available to buy from as little as £90,000 with a 30% share!

Located on the top floor (17th) within this modern apartment block and presented in immaculate condition throughout, the accommodation features an entrance hall that open through to an open plan lounge/kitchen/diner which is perfect for socialising and entertaining. Double doors open to a private balcony where you can enjoy far-reaching views over Ilford. This home also offers a spacious double bedroom and a bathroom.

Ilford mainline train station and Elizabeth line are just yards from the apartment block. There are local shops and restaurants literally on your doorstep with bus links to Romford and Stratford Westfield Shopping Centres.

PRICING & AFFORDABILITY

Approximate Size: 581 sq ft

Full Market Value: £300,000

30% Share Price: £90,000 (rent £552.98 pcm)
Minimum 5% Mortgage Deposit (30% share): £4,500
Approximate Service Charges: £203.20 pcm*
Shared Ownership Lease: approx. 121 years
Council Tax Band: C

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change.

** This home can also be purchased outright (100% of the value) which is £300,000 and a purchaser would not need to meet the eligibility criteria listed above.