Share Price £76,250 (from 25% Min. Share)

Full Value £305,000 | £3,813 Min. Deposit

Scheme: Shared Ownership

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Flora Court - 1 bed apartment in Croydon

place Flora Court, Chipstead Avenue, CR7 7FP

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50% sold on the launch weekend


Description

Pricing
Share price (based on 25%): £76,250
Full price: £305,000
Monthly rent: £515.63
Service charge: £105

The development

Delivered by Brick By Brick, the developer built for Croydon, sending all the proceeds from their homes to Croydon Council to help fund frontline services

The homes, set along a mews which is just around the corner from the library and approximately five minutes' walk from the station, have private balconies and striking interiors. Thornton Heath is a popular yet affordable area of south London, with good connections into central London and Croydon, making these homes ideal for people looking to get on the housing ladder.

Homes are accessed from walkways that overlook the mews courtyard, giving an open feel and offers opportunities for neighbours to meet. The upper floors, reached via an internal staircase, have views over the suburban streetscape of pitched roofs and the attractive gardens of the library. A secure cycle parking area is located on the ground floor near to the main entrance, making it really easy to get your bike first thing in the morning.

What is shared ownership?

Shared ownership allows you to buy a share of your home, with a lower deposit, smaller mortgage and monthly payment on the rest. You start by buying between 25% - 75% of your home. That means your monthly mortgage and deposit are smaller than they would be if you bought your home outright. You can buy a bigger share of your home in the future, and even own 100%.

Video tour of one of the homes


Key Features

Kitchen
- Super matt graphite base and tall units with Allgood holt oak handles
- Handle-less super matt white wall units
- Silestone worktops
- China white gloss ceramic mixer tap
- Stainless steel sink with chrome mixer tap

Bosch branded Appliances Include
- Integrated electric oven
- Integrated induction hob and recirculating hood
- Integrated fridge/freezer
- Washing/Dryer machine
- LED strip lighting to all wall units

Bathroom
- China-white gloss full-height tiling above bath, basin and WC Tiled boxing to conceal WC cistern, basin and pipes coloured to match the walls
- WC with slow close seat
- Hand basin with a single tap
- Bath with white bath panel
- European oak countertop
- Mirror fronted cabinet

Flooring
- Rustic oiled oak parquet flooring laid to the entrance hall, living room and kitchen
- Quartz Westex ultima twist carpet to bedrooms
- Porcelain floor tiles to bathroom

Heating, Lighting & Electrical
- Heated towel rail to bathroom
- LED downlights throughout
- Audio access entry control system

General Finishes
- Walls painted in Brilliant White matt
- Ceiling painted in Brilliant White matt
- Satin white internal doors, skirting and architraves

Warranty
- 10-year NHBC warranty

* Eligibility and income criteria will apply.
* Travel times are approximate


Download Documents

Link to the floor plan Property brochure 1
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Calculate Monthly Cost

Share price
£ 76,250
Min. £76,250
Share percentage
Min. 25%
Your deposit
Min. £3,813
Monthly cost*
£1,009
Cost breakdown
£524
Rent
£105
Service charge
£380
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.