Available through our resale shared ownership scheme, a first floor, one-bedroom apartment in Croydon.
The property has been well maintained and recently fitted with new flooring and radiators, it comprises a wheelchair accessible communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, Juliette balcony, one bedroom, bathroom with shower over bath, floor to ceiling windows throughout and hallway storage.
The property also benefits from access to a communal roof terrace and off-street parking.
Lease: Commenced 2010 with 250-year term
Council Tax Band: Croydon Council – C
Approx. Gross Internal Area: 474sq.ft.
LOCAL AREA INFORMATION
• Situated in the vibrant and convenient area of Croydon surrounded by amenities such as your local news agents, supermarkets, gyms, restaurants, doctor and dentist surgery.
• Good public transport links with West Cordon Station less than a 10minute walk away offering direct links to London Victoria and London Bridge including the tram stop which offers services to Beckenham Junction and New Addington. The nearest bus stop in on the doorstep which can take you to direct to East Croydon station in under 15minutes.
• Croydon University Hospital, Boxpark Croydon, Centrale Shopping Centre, Wandle Park and Lloyd Park are just some of the locations easily accessible from the apartment.
Property Value = £200,000
Percentage Share = 30%
Share Price = £60,000
*Monthly Rent = £315.19
*Monthly Service Charge = £118.21
**Monthly Mortgage Payment = £348
***Annual Household Income = £26,000
*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.