£144,000 /Sale price

This modern, bright, well-presented two-bedroom is now available in Ilford through Shared Ownership.The property on the third floor comprises an entrance hall with storage, a spacious living room, a modern kitchen, two good-sized bedrooms and a bathroom.Outside, there is a private balcony and underground parking. Perfect for couples and small families.Available for £144,000 for 45% share based on the marketing figure of £320,000.Monthly rent - £539.25Monthly Service Charge - £176.36Total Monthly Charge - £715.61 plus mortgage required for 45% 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 AprilLocationThe property is located in a residential area just outside the town centre of Ilford, where the Elizabeth Line can take you to the central area in about 20 minutes from there. There's also an underground station where the Central line is available.The property is surrounded by green and natural areas, such as Wanstead and Valentines Park.There are several schools in the area for all levels, many of which are within walking distance.The Ilford Exchange is also a large shopping centre within walking distance, with several shops, restaurants and pubs available.EPC ratingEnergy rating band - BEnvironmental impact band - BOther informationHow we allocate Shared Ownership homesWe 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 MTVHYou 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.