Back to search results
1/10

2 bedroom apartment for sale

Available

Ingre House, 37 Dunningford Close, Hornchurch, RM12 5DH

£240,000 Shared Ownership Resale

Share percentage 75%, full price £320,000, £24,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£240,000 Shared Ownership Resale

Share percentage 75%, full price £320,000

Monthly Cost: £1,588

Rent £154, Service charge £222, Mortgage £1,212*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Register your interest
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This two-bedroom flat is on the ground floor of a modern development and has a twenty-one-foot, dual-aspect reception room with access to a balcony/patio. The open-plan kitchen area features attractive, walnut-style units. There is a spacious main bedroom plus a second double bedroom and a bathroom with decorative mosaic-style tiles. A large hallway cupboard provides useful additional space and well insulated walls, modern double glazing and gas central heating make for a very good energy-efficiency rating. Ingre House has a communal garden and there are also a number of parks and open spaces in the local area. The flat comes with use of an allocated parking space and Elm Park Station (District Line) is within comfortable walking distance.

SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £320,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://bit.ly/2YiC9iV]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years less 3 days from 01/08/2012).
Share Available: 75% (£240,000).
Shared Ownership Rent: £154.34 per month (subject to annual review).
Service Charge: £221.82 per month (subject to annual review).
Guideline Minimum Income: Dual - £58,000 | Single - £66,700 (based on minimum share and 10% deposit)
Council Tax: Band C, London Borough of Havering. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £24,000
  • Guide Min Income Dual £58k | Single £66.7k
  • Ground Floor with Private Entrance
  • Approx. 738 Sqft Gross Internal Area
  • Very Good Energy Efficiency Rating
  • Balcony plus Communal Garden
  • Parking Space
  • Elm Park Station for the District Line
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Elm Park (0.39 miles) Dagenham East (1.03 miles) Hornchurch (1.38 miles)
Register your interest
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less
  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£240,000
Shared Ownership Resale
Estimated Monthly Cost:£1,588
Rent £154
Service £222
Mortgage £1,212

Share percentage 75%, full price £320,000, £24,000 Min Deposit. Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.