Available through our resale shared ownership scheme, a ground floor, one-bedroom apartment in Bromley.
The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with standalone appliances, one bedroom, bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a communal garden and off-street parking.
Lease: Commenced 2016 with 125-year term
Council Tax Band: Bromley Council – C
Gross Internal Area: 657sq.ft.
LOCAL AREA INFORMATION
- Bromley is a vibrant and ever evolving commuter town, it offers superb access not only to the myriad of bars, restaurants and entertainment centres of the town itself and the Capital but also to the bucolic Kent Countryside.
- The Kent Downs, a nationally recognised Area of Outstanding Natural Beauty, is the perfect location for country walks. It’s also home to historic Down House; the former residence of Charles Darwin, now beautifully maintained for visitors by The National Trust. Other cultural highlights local to Bromley include Eltham Palace, an impressive English Heritage property and the extraordinary subterranean complex of Chiselhurst Caves.
- Traditionally a Market Town, Bromley is a prime commuter location serving London and the South East. It is home to an array of bars, restaurants, parks, cafes, entertainment venues and retail centres. The development is a short walk from the green expanses of Church House Gardens; home to tennis and basketball courts, a lake and well-tended ornamental gardens.
- The Churchill Theatre plays host to many productions that later transfer to London’s West End. And for a night out at the movies, the Bromley Picturehouse offers a six-screen art deco cinema with a café-bar. If you prefer retail therapy, Bromley offers a range of major high street stores, many at the The Glades Bromley Shopping Centre including the Apple Store, Debenhams, H&M and Marks & Spencer amongst others.
Property Value = £280,000
Percentage Share = 40%
Share Price = £112,000
*Monthly Rent = £446.60 (From April 01 £488.58)
*Monthly Service Charge = £198.45 (From April 01 £233.51)
**Monthly Mortgage Payment = £572.00
***Annual Household Income = £46,000
*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.