Monarch Way, Ilford, Essex

£275,000 Guide Price

2 bedroom apartment for sale

Monarch Way, Ilford, Essex
2 Bed2 Bedrooms
2 Bath2 Bathrooms
1 Reception
Tenure: Leasehold
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Key Features

  • Open House on 20th June - by appointment only
  • Perfect first time purchase
  • Spacious 2nd floor apartment
  • Private Balcony
  • Allocated underground parking
  • Perfect for London commuters
  • Adjacent to Newbury Park Central Line Station
  • Above-average EPC energy efficiency rating C (75/76)

Description

This sizeable 2nd floor apartment features a modern kitchen/diner and lounge as well as a private balcony. It also benefits from an additional en-suite shower room in the main bedroom whilst maintaining a spacious bathroom. You will have access to your own allocated parking space which is located in the underground car park and visitors parking located out the front of the building. This wonderful home is positioned adjacent to Newbury Park Railway Station for an easy commute to London.

This is also a great investment opportunity, with the current net yield boasting 7% which is higher than the local average.

 

Important information about this property

  • Shared Ownership: no
  • Annual ground rent: £200
  • Annual Service Charge: £3200
  • Council Tax exempt: no
  • Council Tax band: C
  • Tenure: Leasehold, 101 years remaining on lease
  • If buying to rent, please check if Local Authority licensing schemes apply before proceeding
  • Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details
  • Appliances & services are untested, dimensions are approximate and floor plans are not to scale
  • Through a Homewise Home For Life Plan people aged 60+ can secure this property for up to 59% less, by purchasing a Lifetime Lease
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Room Dimensions

Entrance Hall
Lounge/Dining Room15'9 × 12'0 (4.8m × 3.66m)
Balcony
Kitchen9'6 × 5'2 (2.9m × 1.58m)
Bedroom 116'6 × 8'4 (5.03m × 2.54m)
En-Suite Shower Room
Bedroom 212'6 × 8'5 (3.81m × 2.57m)
Bathroom
Communal Gardens
Allocated Parking Space
Visitors Parking

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Monarch Way, Ilford, Essex

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Investment opportunity

Estimated yield: 7.44% yield

Estimated rental income: £1,705 pcm

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Stuart Pass

Stuart Pass

Branch Director
Thinking of moving home?Use our instant valuation tool and see what your home is worth in seconds

What could my mortgage repayments be on this home?

Monthly Repayments:

£ 1,101

Aged 60 or over?


You could secure this property for thousands less with a Home for Life Plan.

No sale, capped fee conveyancing

We provide fixed-fee residential conveyancing, designed especially for you, with no hidden costs and qualified solicitors available until 8pm.

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Good to know

Stuart Pass

Stuart Pass

Branch Director
Thinking of moving home?Use our instant valuation tool and see what your home is worth in secondsEnquire or Book a ViewingCall 020 8551 4025

Investment opportunity

Estimated yield: 7.44% yield

Estimated rental income: £1,705 pcm

Ask the lettings experts a question
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