Available for resale shared ownership, a modern and beautifully presented first floor one-bedroom apartment located in a quiet and desirable area of South Croydon.

  

Property description:

The property comprises of a communal entrance with phone entry system, spacious open plan living/dining room area, integrated kitchen with integrated appliances, a large double bedroom, a family bathroom with shower over bath and plenty of storage space.

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

 

Length of Lease: Approx. 111 Years

Council Tax Band: Croydon Council – C

Gross Internal Area: 43m2

 

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 = £245,000

Percentage Share = 40%

Share Price = £98,000

Monthly Rent = £367.61

Monthly Service Charge = £165.44

Monthly Mortgage Payment = £403 **

Annual Household Income = £36,000 ***

 

*Please note the rent and service charge is reviewed annually on the 01 April.

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

***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).

 

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:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed.  If you have a Help to Buy reference number, we will accept this as well.

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