49 Beulah Hill, Upper Norwood, SE19 3FF

SHARED OWNERSHIP Two bedroom first floor apartment available to purchase from a 75% share at £337,500 with a deposit of £33,750. Maximum amount available to purchase initially is 75%. Full market value £450,000. A great opportunity to get onto the property ladder and live in this contemporary spacious two bedroom apartment.

The Apartment

As you enter this apartment there is a small entrance lobby leading to the kitchen/dining/living room which has direct access onto a private balcony. A fully fitted modern and contemporary Gardiner Monza range style kitchen with light grey laminate work surfaces, siena marble and grey glass splashback, integrated electric oven and four burner gas hob. There is also a washer dryer, fridge freezer and space for a dishwasher. There are two bedrooms and separate bathroom with white suite comprising of bath with shower screen and chrome heated towel rail and mirror. The heating is powered by a combination boiler and there are laminate wood flooring in the living area, ceramic tiles in wet areas and wool carpeted bedroom. Each apartment comes with a 12 year premier guarantee.

Local Area

Crystal Palace Park is one of the biggest parks in South London - a Victorian pleasure ground that has full-scale dinosaur sculptures, children's play areas, a maze and a concert bowl. In the summertime it is home to the Luna Cinema where you can catch your favourite classic movie under the stars. From the park, you can also start the Green Chain Walk, which takes you to Chislehurst, Erith, the Thames Barrier and Thamesmead.

Crystal Palace train station is within walking distance and offers direct trains into London Bridge and London Victoria arriving in under half an hour. Beulah Hill is home to a number of bus stops with regular buses into Crystal Palace, Thornton Heath and Sydenham.

Financial Breakdown

Full market value: £450,000

75% share value: £337,500

10% deposit: £33,750

Rent charged on unowned share : 2.5%

Rent on unowned share (25%) : £234.38 per month

What is Shared Ownership?

If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 40% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.