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Description : 25 Mar, 2023
Council flat, lifetime secure tenancy with RTB.
Rent £117pw only.
1. It's studio with own balcony space out front. Located in a small block of 16 flats surrounded by houses (not estate). End top floor flat. No noise, bad smells or trouble. A safe secure property where people keep themselves to themselves. Cheap and in a prime location within Redbridge which is a very hard area to move into. There's shops on your doorstep, tube, parking, country parks, health centre etc.
2. The flat has council right to buy, valued at C.£200k. You recieve a 50% discount if you’ve been a public sector tenant between 3 and 5 years worth £116k. You can use the discount as a deposit, and sell in 5 years time. If you're single or a couple this is a no-brainer to easily getting on the housing ladder.
I'm not in a rush to move as the orginal intention was to buy. Then build a partition to make it a 1 bed and knock out the cupboards making the rest open plan... but my partner and children live seperately and we'd like to live together... hence needing a bigger place.
It's a quality cosy flat and gem of an opportunity. It could do with bit of decorating, but does have a new boiler, kitchen and professionally fitted wood flooring. I didn't want to do anything with it yet, as it'll only increase the value.
The only things you might not like about the place are there's 1 flight of stairs to get to the first floor, it's not got a seperate bedroom (but you can easily install a partition wall) and if you need any repairs the council take forever... oh and the deliveroo guy can get lost sometimes. But that's about it!
Contact me with your property details including postcode and tenancy type and we'll go from there. Thank you, good luck.
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