2 bed flat for sale

Eaton Court, 111 High Road, South Woodford E18

Shared ownership (Advertised price represents 30% share. Full market value £380,000). This smartly presented apartment is on the ground floor and has an entrance hall featuring attractive wood panelling. The twenty foot reception room has an open plan, and recently updated, kitchen area with dark units, contrasting white tiled splashbacks and a shallower version of the traditional Belfast-style sink. There is a main bedroom with fitted wardrobe plus a slightly smaller second bedroom and a spacious bathroom. A storage/utility cupboard has been provided and well insulated walls and double glazed windows make for a good energy efficiency rating. The development has a concierge, a generously sized communal garden and a secure, underground car park which includes a space for this apartment. South Woodford Station (Central Line) is only a short walk away and there are Waitrose and Sainsbury's supermarkets plus an M&S Foodhall, a range of other shops, a cinema, restaurants and bars on or around the vibrant local high street. Green areas/lakes also in easy reach.

Interested parties are required to complete the shared ownership common application form []

(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 (currently 100 years from 01/04/2004,25 year lease extension in progress).
Minimum Share: 30% (£114,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £885.01 per month (subject to annual review).
Service Charge: £188.70 per month (subject to annual review).
Ground Rent: £210.00 for the year.
Guideline Minimum Income: Dual - £56,700 | Single - £65,200 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Redbridge. 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).

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Reception

21' 0" max. X 10' 11" max. (6.40m x 3.33m)

Kitchen

Included in reception measurement

Bedroom 1

10' 10" max. X 8' 2" max. (3.30m x 2.49m)

Bedroom 2

10' 10" x 6' 10" (3.30m x 2.08m)

Bathroom

8' 0" x 5' 6" (2.44m x 1.68m)