The property comprises of a bright communal entrance, open plan living/dining room area, integrated kitchen with inbuilt oven & hob, a private balcony perfect for alfresco dining, two large double bedrooms, family bathroom with shower over bath.

The property also benefits from access to a well-maintained communal garden and 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 – D

Gross Internal Area: 60m2

 

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

• 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 = £310,000

Percentage Share = 40%

Share Price = £124,000

Monthly Rent = £426.21

Monthly Service Charge = £149.57

Annual Ground Rent = £250

Monthly Mortgage Payment = £620 **

Annual Household Income = £43,000 *

 

*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).

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