Fletcher House,, 422 Wood Lane, Essex
1 bed | 1 bath | 1 reception | Offers in the region of £57,500 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
Material Information
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Carter & Willow offer for sale this well presented third floor 1-bedroom circa 516 sq ft apartment which is ideally located within close proximity to Becontree Heath leisure centre, local shops, supermarkets, amenities and transport links which allows direct access into the city. The property offers a 25' x 9'8 open plan layout with modern style fitted kitchen/ living room, 20'8 x 4'1 full width balcony, utility storage cupboard and bathroom/ WC. Further benefits include secure entry and residents permit parking for one car. Chain free. Council tax band: B. EPC Rating: B.
The cost of £57,500.00 will purchase 25% of the property the other 75% is owned by the freeholder.
The ability to buy a larger percentage can be done following negotiations with the freeholder and you have the option to purchase 100%.
Seller's information
Years remaining on lease 118 approx
One Car Parking Permit for the Blue and Red bays.
Annual service charge £1,816.68 approx (includes buildings insurance)
Monthly shared ownership rent £ 518.62 approx (subject to review & share percentage)
PLEASE READ THE FOLLOWING RELATING TO BUYING CRITERIA.
The prospective buyer must meet the eligibility requirements for shared ownership.
You can apply to buy the home if both of the following apply:
• Your household income is £90,000.00 or less
• You cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
• You're a first-time buyer
• You used to own a home but cannot afford to buy one now
• You're forming a new household - for example, after a relationship breakdown
• You're an existing shared owner, and you want to move
• You own a home and want to move but cannot afford to buy a new home for your needs
PLEASE READ THE FOLLOWING RELATING TO BUYING CRITERIA.
The prospective buyer must meet the eligibility requirements for shared ownership.
* A combined household income of no more than £90,000 per annum.
* Cannot purchase a home on the open market.
* Do not already own a home or have sold their current home before their purchase or rent.
* Priority to be given to those who currently live and/or work in the London Borough of Barking and Dagenham
Balcony 1.25m (4' 1') x 6.30m (20' 8')
Open plan kitchen/living room 7.62m (25' 0') x 2.95m (9' 8')
Bedroom 4.00m (13' 1') x 3.10m (10' 2')
The cost of £57,500.00 will purchase 25% of the property the other 75% is owned by the freeholder.
The ability to buy a larger percentage can be done following negotiations with the freeholder and you have the option to purchase 100%.
Seller's information
Years remaining on lease 118 approx
One Car Parking Permit for the Blue and Red bays.
Annual service charge £1,816.68 approx (includes buildings insurance)
Monthly shared ownership rent £ 518.62 approx (subject to review & share percentage)
PLEASE READ THE FOLLOWING RELATING TO BUYING CRITERIA.
The prospective buyer must meet the eligibility requirements for shared ownership.
You can apply to buy the home if both of the following apply:
• Your household income is £90,000.00 or less
• You cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
• You're a first-time buyer
• You used to own a home but cannot afford to buy one now
• You're forming a new household - for example, after a relationship breakdown
• You're an existing shared owner, and you want to move
• You own a home and want to move but cannot afford to buy a new home for your needs
PLEASE READ THE FOLLOWING RELATING TO BUYING CRITERIA.
The prospective buyer must meet the eligibility requirements for shared ownership.
* A combined household income of no more than £90,000 per annum.
* Cannot purchase a home on the open market.
* Do not already own a home or have sold their current home before their purchase or rent.
* Priority to be given to those who currently live and/or work in the London Borough of Barking and Dagenham
Balcony 1.25m (4' 1') x 6.30m (20' 8')
Open plan kitchen/living room 7.62m (25' 0') x 2.95m (9' 8')
Bedroom 4.00m (13' 1') x 3.10m (10' 2')
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