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Atkins House, Ilford, IG1 2ZR

Shared ownership

Atkins House, Ilford, IG1 2ZR

Sale under offer
Shared ownership
Photo of Atkins House, Ilford, IG1 2ZR
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from

£148,500

with min. deposit

£7,425

55% Share from
£148,500
Full market price
£270,000
Minimum deposit
£7,425
Monthly rent
£271
Monthly service charge
£164.89
Reservation free
£300
Administration free
£450

1 bedroom flat

An excellent purchase for first time buyers, this newly built contemporary one bedroom apartment is located on the second floor of a modern apartment block.  The property consists of a large bright and airy reception room with a fully fitted open plan kitchen, the reception benefits from  sliding doors that lead to a private balcony.  There is a spacious double bedroom with fitted wardrobes and and a family style bathroom and a large storage cupboard in the hallway.
 

With Ilford overground station a stones throw, this is perfect for commuters, offering a very short 20 minute journey into Liverpool Street Station. With cross rail planned to …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area49.5
Number of floors1
Entrance floor2nd floor
Tenureleasehold
Lease years90

from

£148,500

with min. deposit

£7,425

55% Share from
£148,500
Full market price
£270,000
Minimum deposit
£7,425
Monthly rent
£271
Monthly service charge
£164.89
Reservation free
£300
Administration free
£450
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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