Westside Apartments
£65,500 for a 25% share
Property description
Private juliette balcony, Good EPC Rating, Good transport links
Property address
Roden St, Ilford, IG1 2AQ
2 
1 Shared Ownership
Shared Ownership
Full Market Value: £262,000
Share Value (25%): £65,500
Monthly Rent: £671.29
Service Charge: £304.25
Council Tax Band: C
99 year lease commenced March 2007 - 81 years remaining
EWS1 - New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
L&Q welcomes you to view this two bedroom, fourth floor apartment.
Offered for sale is this well presented two bedroom fourth floor apartment. Accessed via a well kept communal entrance, there is a large, open-plan kitchen/living/dining space leading directly on to a juliette balcony to the rear. There are two double bedrooms, in addition to a contemporary family bathroom.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Barking Station, offers excellent overground and underground connections into London, while the c2c line (named 'Rail Operator of the Year' at the 2018 National Transport Awards) offers fast, reliable services throughout East London and South Essex. There are also three major supermarkets, a theatre, sports centre and shopping mall within walking distance.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £48,965. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of October 2024.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £262,000 |
|---|---|
| Minimum Share Percentage | 25% |
| Minimum Share Value | £65,500 |
| Monthly Service Charge | £304 |
| Minimum Deposit | £6,550 |
With a diverse and lively local community on the doorstep, everything you need is within a 15-minute walk. East Street is home to bustling cafes, bars and restaurants and a range of independent shops and local street markets offer fresh produce. For a wider choice of groceries and household goods, Tesco, Asda and Lidl are a short walk away. For cultural enthusiasts, enjoy outdoor classical concerts in the ruins of Barking Abbey, or catch the latest blockbuster at the Showcase Cinema. Westfield Stratford City and its array of high street and designer shops is a short train journey away. The open green spaces, sports facilities and riverside promenades at the Queen Elizabeth Olympic Park are also well worth a visit.
Barking Station is just a 20-minute walk. Travel into the City or Canary Wharf in less than 20 minutes by tube. The A406 and A13 are within a few minutes' drive for road links to the M11, M25 and wider motorway network. There are several bus stops on London Road providing services within the area.