41 Hutton Court, 43 Ilford Hill, Ilford

Shared Ownership

This superb modern home is available to buy from as little as £162,250 with a 55% share!

A well-appointed apartment presented in immaculate condition throughout offering fantastic views from the tenth floor of this modern block. Bright and spacious accommodation comprises an open plan living/dining/kitchen space with floor to ceiling windows and access to a private sunny aspect balcony. The large double bedroom benefits from build in wardrobes and the bathroom is directly opposite. There is an allocated parking space in a secure underground car park.

Ilford's ongoing regeneration, including a new station entrance on your doorstep with the Elizabeth Line, ensures seamless connections: 9 minutes to Stratford, 20 minutes to Liverpool Street, and 26 minutes to Bond Street. One can even get to Heathrow Airport in under an hour.
Situated in a vibrant community, the newly built apartment block offers a secure cycle store, shared space, and a family-friendly community of neighbors ideal for singles, couples, and commuters. And even work-from-homers!

PRICING & AFFORDABILITY

Full Market Value: £295,000

55% Share Price: £162,250 (rent £381.35pcm)
Minimum 5% Mortgage Deposit (55% share): £8112.50
Approximate Service Charges: £203.04pcm*
Shared Ownership Lease: approx. 119 years
Council Tax Band: C

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 £295,000 and a purchaser would not need to meet the eligibility criteria listed above.