Available through our resale shared ownership scheme, a 5th floor, two-bedroom apartment in Croydon. 

  

Property description:

The property comprises a wheelchair accessible and communal entrance, lift access, entry system, 

open plan kitchen and living/dining, kitchen with integrated appliances, two bedrooms, family bathroom with shower over bath, hallway storage and a balcony. 

EWS available.

The property also benefits from access to a communal courtyard and off-street parking.

Lease: Commenced 2013 with 125-year term

Council Tax Band: Croydon Council – C

Approx. Gross Internal Area: 678.126sq.ft.

LOCAL AREA INFORMATION

• Located by Dupas Hill Recreation Ground, around 5 minutes’ walk from Waddon train station and less than a 20-minute walk from the Croydon Tram stop Wandle Park. Bus connections within a 5-minute walk.

• Two major shopping centres, the Whitgift Shopping Centre and Centrale, combine with a range of superstores on Purley Way to provide an exciting range of fashion and lifestyle brands.

• Croydon has something for everyone; indoors at the renowned Croydon Clocktower Arts Centre, the Vue Multiplex in Purley Way and Grants Entertainment Centre, or outdoors at one of the 120 parks and open spaces in the local area.

• The town is an ideal base for exploring London and South East England with excellent public transport, including the popular Croydon Tramlink. By train, central London is just 20 minutes away whilst Brighton can be reached in under an hour.

• Waddon Leisure Centre/Swimming pool situated next-door, 1 minute walk away.

FINANCIAL INFORMATION

Property Value = £280,000

Percentage Share = 55%

Share Price = £154,000

*Monthly Rent = £284.02 (From 1st April £310.72)

*Monthly Service Charge = £198.58 (From 1st April £138.62)

**Monthly Mortgage Payment = £787.00

***Annual Household Income = £44,000

*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. 

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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