1 bedroom apartment for sale

Available

8 Leaden Hill, Coulsdon, CR5 2BZ

£66,250 · Shared Ownership Resale

Share percentage 25%, full price £265,000, £3,313 Min Deposit.

Available
1 bedroom
£66,250 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £265,000, £3,313 Min Deposit.

Monthly Cost: £981
Rent £479, Service charge £147, Mortgage £355*

Calculated using a representative rate of 4.64%

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 when eligible to purchase.

· 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

Optivo are delighted to offer this bright one bedroom first floor flat.

Description

Description

Optivo are delighted to offer for sale this well-presented 1 bedroom, self-contained first floor flat with open plan kitchen/reception. Both bedroom and lounge overlook communal garden space.

Benefits from air ventilation system and gas central heating

Situated within a modern purpose built 7 storey block, built circa 2015 Located within a small development of similar blocks.

The current market value is £265,000. The minimum 25% share available is priced at £66,250, current rent payable £478.83 pcm, service charges are currently £146.50 - charges are subject to annual reviews. 

Appointments/Applications

Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail resales@optivo.org.uk 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 ASAP - on a first come first serve basis - you must have viewed the property. 

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

Local information

Close to Coulsdon High street and public transport links which will directly take you either into London or the surrounding areas.

The area has grocery stores, GP surgeries, dentists, and a number of schools close by and a lot of lovely green spaces.

The Farthing downs are approx. a 20min walk and the Epsom Downs can easily be reached by train from Coulsdon Town.

Train journeys from Coulsdon Town are aprox. 20mins to East Croydon, 41 mins to Victoria and 49mins to London Bridge.

Train journey from Coulsdon South are approx. 10mins to East Croydon, 26 mins to Victoria and 30 mins to London Bridge.

Key Features

Great transport links

Easy access to local amenities

Purpose built development

Double glazed windows

The Property has a gross internal area of approximately 56Sqm

Accommodation:

Hallway 4.05m x 1.7m (reducing to 1.35m)

Kitchen 2.04m x 2.68m

Reception 4.25m x 3.5m (reducing to 2.7m)

Bedroom 5.9m x 2.6m

Bathroom 2.1m x 2.1m

No parking provision

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Brochure
Map
Smitham (0.09 miles) Coulsdon South (0.43 miles) Woodmansterne (0.80 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

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

£66,250
Shared Ownership Resale
Estimated Monthly Cost:£981
Rent £479
Service Charge £147
Mortgage £355

Share percentage 25%, full price £265,000, £3,313 Min Deposit. Calculated using a representative rate of 4.64%


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.