£122,500
2 bed flat for saleHale Point, Ilford, London IG1
2 beds
Just added
Shared ownership
Leasehold
About this property
Two bedroom apartment
En-suite room
Private balcony
Excellent travel links
Amenities nearby
Available for 35% share
5% minimum deposit only
This modern two-bedroom apartment is now available in Ilford through Shared Ownership.
The property on the third floor comprises an entrance hall, a living room with an open plan kitchen, two bedrooms (one en-suite) and a bathroom.
Outside, there is a private balcony. Perfect for couples and small families.
Available for £122,500 for 35% share based on the marketing figure of £350,000.
Monthly rent - £655.17
Monthly Service Charge - £256.91
Total Monthly Charge - £912.08 plus mortgage required for 35% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April
Location
Located in the heart of Ilford, just a 1 minute walk from Ilford station with fast Elizabeth line links to central London under 40 minutes.
The area offers plenty of amenities, including a gym, a local supermarket and a shopping centre within walking distance.
Enjoy green space with Little Ilford Park just a 15 minute walk away. King George Hospital and Spire London East Hospital are also easily accessible.
EPC rating
Energy Rating Band - B
Environmental Impact Band - B
Other information
How we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh
You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
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.
The property on the third floor comprises an entrance hall, a living room with an open plan kitchen, two bedrooms (one en-suite) and a bathroom.
Outside, there is a private balcony. Perfect for couples and small families.
Available for £122,500 for 35% share based on the marketing figure of £350,000.
Monthly rent - £655.17
Monthly Service Charge - £256.91
Total Monthly Charge - £912.08 plus mortgage required for 35% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April
Location
Located in the heart of Ilford, just a 1 minute walk from Ilford station with fast Elizabeth line links to central London under 40 minutes.
The area offers plenty of amenities, including a gym, a local supermarket and a shopping centre within walking distance.
Enjoy green space with Little Ilford Park just a 15 minute walk away. King George Hospital and Spire London East Hospital are also easily accessible.
EPC rating
Energy Rating Band - B
Environmental Impact Band - B
Other information
How we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh
You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
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.
Mortgage calculator
Monthly repayment
£612 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (119 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
Shared ownership percentage owned
35%
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