This superb modern home is available to buy from as little as £120,750 with a 35% share!
A well presented first floor apartment offering spacious accommodation, an open-plan living area and the added benefit of allocated parking.
This attractive apartment offers bright and well-proportioned accommodation throughout. The property features a generous open-plan kitchen/reception room, providing an ideal space for relaxing, dining and entertaining, with a modern fitted kitchen offering ample cupboard and worktop space. There are two bedrooms, including a spacious principal bedroom benefiting from its own en-suite shower room. A separate family bathroom and useful storage cupboards accessed from the hallway complete the accommodation.
Situated in the popular residential area of Woodford Green, Ash Way enjoys a convenient location with a range of local amenities nearby. Residents can enjoy access to shops, supermarkets, cafés and restaurants, while the wider Woodford Green and South Woodford areas provide further shopping and leisure facilities. The area is also well served by attractive green spaces, including nearby Roding Valley Park and Epping Forest, offering opportunities for walking, cycling and outdoor recreation.
The property is conveniently positioned for transport connections, with Woodford and South Woodford Underground stations providing Central line services into Stratford, Liverpool Street and central London. Local bus routes offer additional connections to surrounding areas, while the nearby A406 North Circular Road and M11 provide convenient access to the wider road network, making this an appealing location for commuters.
PRICING & AFFORDABILITY
Full Market Value: £345,000
35% Share Price: £120,750 (rent £750.75pcm)
Minimum 5% Mortgage Deposit (35% share): £6,038
Approximate Service Charges: £272.97pcm*
Shared Ownership Lease: 114 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £345,000 and a purchaser would not need to meet the eligibility criteria listed above.
