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Guide price £160,000+
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Residential · Flat · Leasehold

A Vacant Second Floor Two Bedroom Flat

Flat 23 Springfield Court, Forsythia Close, Ilford, Essex, IG1 2BN

Property type
Flat
Tenure
Leasehold

Description

A Vacant Second Floor Two Bedroom Flat The property comprises a second floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors. Tenure: Leasehold. The property is held on a 125 year lease from 1st January 1990 (thus approximately 89 years unexpired). Location: The property is situated on a residential road close to local shops and amenities. The open spaces of Little Ilford Park are within easy reach. Transport links are provided by Barking underground station (Circle line) and rail station. Accommodation: Second Floor Reception Room Kitchen Two Bedrooms Bathroom Exterior: The property benefits from communal gardens and allocated parking. Further Information: When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor. EPC Rating: C

Financial Tools

Your estimated monthly payment
£667.00/mo
Deposit £40,000 (25%) Loan £120,000 Interest £80,100
Total cost £200,100 Total interest £80,100
Property price£160,000
Deposit25%
£40,000
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

Location

Flat 23 Springfield Court, Forsythia Close, Ilford, Essex, IG1 2BN
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