3 bedroom apartment for sale

Available

49 Beulah Hill, Upper Norwood, SE19 3FF

£257,500 · Shared Ownership New Build

Share percentage 50%, full price £515,000, £25,750 Min Deposit.

Available
3 bedrooms
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£257,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £515,000, £25,750 Min Deposit.

Monthly Cost: £1,893
Rent £536, Service charge £157, Mortgage £1,200*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

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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

Three Bedroom Apartment

Description

SHARED OWNERSHIP Three bedroom second floor apartment available to purchase from a 50% share at £257,500 with a deposit of £25,750. Maximum amount available to purchase initially is 75%. Full market value £515,000. A great opportunity to get onto the property ladder and live in this contemporary spacious three bedroom apartment.

The Apartment
As you enter this apartment there is an entrance hallway 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 three 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: £515,000
50% share value: £257,500
10% deposit: £25,750
Rent charged on unowned share : 2.0%
Rent on unowned share (75%) : £536.46 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.

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Gipsy Hill (0.78 miles) Crystal Palace (0.95 miles) West Norwood (1.18 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.

£257,500
Shared Ownership New Build
Estimated Monthly Cost:£1,893
Rent £536
Service Charge £157
Mortgage £1,200

Share percentage 50%, full price £515,000, £25,750 Min Deposit. Calculated using a representative rate of 3.82%


Development
Beulah Hill
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.