Burway Close, South Croydon, Croydon, Surrey, CR2 7AY

Available for resale shared ownership, a well presented and spacious second floor one-bedroom apartment located in a quiet and desirable area of South Croydon.

  

Property description:

The property is in immaculate condition, it comprises a bright communal entrance with phone entry system, open plan living/dining room area, integrated kitchen with inbuilt oven & hob, a large double bedroom, bathroom with shower over bath and plenty of storage space.

The property also benefits from access to a well-maintained communal garden an one allocated parking bay within a private car park and a secure bike shed.

 

Length of Lease: Approx. 112 Years

Council Tax Band: Croydon Council – C

Gross Internal Area: 40m2

 

LOCAL AREA INFORMATION

• Croydon Town Centre is close to the property & offers a variety of shopping facilities, restaurants, cinemas, bars and nightlife

• Within walking distance of local shops, parks and public green spaces including Croham Hurst Woods.

• 0.7 miles from South Croydon Train Station which offers quick and direct routes to London Bridge, London Victoria and Gatwick Airport

• The property is within proximity of local primary/secondary schools including St Peters Primary, Ridgeway Primary and newly opened Coombe Wood School.

• Tramlink & Bus services available local to the property.

 

FINANCIAL INFORMATION

Property Value = £250,000

Percentage Share = 40%

Share Price = £100,000

Monthly Rent = £392.76 (from 1st April 2021 = £399.04)

Monthly Service Charge = £147.58 (from 1st April 2021 = £165.44)

Monthly Mortgage Payment = £500 **

Annual Household Income = £36,000 *

 

*Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Call 0345 606 1221 or email info@hydenewhomes.co.uk.  Please ensure you are registered and approved for shared ownership by completing our application at so.hydeform.co.uk/index.

 

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