2 bedroom apartment for sale
Available
Halton Road, Caterham, CR8 5GN
£142,500 · Shared Ownership Resale

Share percentage 50%, full price £285,000, £7,125 Min Deposit.

Available
2 bedrooms
£142,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £285,000, £7,125 Min Deposit.

Monthly Cost: £1,198
Rent £335, Service charge £153, Mortgage £710*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
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.

 

Summary

2 bedroom 2nd Floor Flat with Balcony and Communal Garden

Description

Optivo are delighted to offer for sale this well-presented 2 Double Bedroom First Floor Flat with allocated parking

The current market value is £285,000 for 100%. The minimum 50% share available is priced at £142,500 current rent payable £334.62 pcm, rent is subject to annual reviews. Service charges are currently £152.54 pcm.

Lease Term: 84 Years

SUMMARY

The two bedroom apartment is located within a three-storey block containing 12 similar homes.

The home offers an entrance hall, two double bedrooms, open plan living room/ kitchen and combined bathroom /WC.

Gross internal floor area: 64 sq/m

Location:

Located in a quiet qul-du-sac on the edge of Kenley Aerodrome, only a short distance from local shops and amenities at Caterham on the Hill and Whyteleafe South railway station.

Viewings by appointment only. Please contact resales@optivo.org.uk

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 23rd April 2021

Please note though that if a high volume of applications is received, the deadline might be brought forward.

Key Features

2 Double Bedrooms

Balcony

Allocated Parking Space

Communal Gardens

2 min walk to Kenley Common

10 Min to the M25

Close to Local Schools

 

Map
Whyteleafe South (0.72 miles) Whyteleafe (0.90 miles) Upper Warlingham (0.93 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£142,500
Shared Ownership Resale
Estimated Monthly Cost:£1,198
Rent £335
Service Charge £153
Mortgage £710

Share percentage 50%, full price £285,000, £7,125 Min Deposit. Calculated using a representative rate of 3.94%


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.