Share Price £210,000 (from 60% Min. Share)

Full Value £350,000 | £10,500 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Croydon

place 2, Wandle Road, CR0 1FJ

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Optivo Resales

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Bright and spacious 2 Bedroom Flat with Gated Parking Space and Balcony


Eligibility

You may be eligible for this property if:

You have a gross household income of no more than £90,000 per annum.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.


Description

Full Market Value: £350,000

Share Value from 60% at £210,000

Rent: £323.49 pcm

Service Charge: £297.05 pcm

Lease: 119 Years

Subject to annual reviews.Viewings by appointment only. Please note Social Distancing measures need to be followed. Contact resales for the vendors details.

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@optivo.org.uk

Application forms need to be returned to Optivo by 12th April 2021.

*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.

Summary


Key Features

2 Bedrooms

Balcony

Secure Parking Space

Concierge Service

Close to East Croydon Station

Walking Distance to Shops, Bars and Restautants


Download Documents

Property brochure 1
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Calculate Monthly Cost

Share price
£ 210,000
Min. £210,000
Share percentage
Min. 60%
Your deposit
Min. £10,500
Monthly cost*
£1,666
Cost breakdown
£323
Rent
£297
Service charge
£1,046
Mortgage*
Calculated using a representative rate of 3.94%
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Optivo Resales

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Location

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.