Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in Orpington.

  

Property description:

The property comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated appliances, two bedrooms, family bathroom with shower over bath and hallway storage cupboards. 

 

The property also benefits from access to allocated parking.

 

Lease: Commenced 2017 with 125-year term

Council Tax Band: Bromley Council – C

Gross Internal Area: 701sq.ft.

 

LOCAL AREA INFORMATION

This property offers easy access to both High Street shops, St Mary Cray and Orpington mainline stations. The latter of which offers an approx. 15-minute fast train into London Bridge. 

Nearest Stations

• Orpington Station (0.9 miles)

• St Mary Cray Station (0.9 miles)

• Petts Wood Station (1.5 miles)

FINANCIAL INFORMATION

Property Value = £300,000

Percentage Share = 65%

Share Price = £195,000

*Monthly Rent = £240.84 (£263.48 from 1st April)

*Monthly Service Charge = £140.04 (£203.10 from 1st April)

**Monthly Mortgage Payment = £996

***Annual Household Income = £53,000

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

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***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 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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