Available through our resale shared ownership scheme, a third floor, two-bedroom apartment in Norwood, London.

  

Property description:

The apartment has been repainted and new spotlights installed throughout it comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with standalone appliances, two bedrooms, family bathroom with shower over bath and a walk-in hallway storage cupboard. 

The property also benefits from access to a communal garden and off-street parking in a gated complex with visitor space.

Lease: Commenced 2015 with 125-year term

Council Tax Band: Croydon Council – C

Approx. Gross Internal Area: 759sq.ft.

LOCAL AREA INFORMATION

• A quiet location within easy reach to buses and trains for Central London. The nearby bus stops can take you to Norwood Junction, West Norwood station, Crystal Palace Station and has a night bus service the X68 with express service to Waterloo on weekdays.  

• The property is walking distance to local parks and amenities with lots of shops including the Post Office, Tesco and Lidl. Nearby schools include Downsview Primary School and Priory School. Crystal Palace triangle is a 20-minute walk away. 

FINANCIAL INFORMATION

Property Value = £340,000

Percentage Share = 40%

Share Price = £136,000

*Monthly Rent = £522.05

*Monthly Service Charge = £117.26

**Monthly Mortgage Payment = £789

***Annual Household Income = £51,000

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

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced. 

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an 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.

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