2 bedroom apartment for sale
The Grove, Addiscombe Grove, CR0 5LP
Share percentage 25%, full price £399,000, £4,988 Min Deposit.
Share percentage 25%, full price £399,000, £4,988 Min Deposit.
Monthly Cost: £1,388
Rent £686,
Service charge £205,
Mortgage £497*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
Summary
Reserve Off-Plan Today - Show Home Available
Description
RESERVE OFF-PLAN NOW - SHOW HOME NOW AVAILABLE
Plot 2.12 at The Grove is an 2nd floor 710 sqft two-bedroom apartment, complete with a private balcony (57 sqft) and a large open plan kitchen/living/dining room with integrated appliances, ready to be viewed and reserved today.
Available from £99,750 for a 25% share (£399,000 full market value), The Grove provides a perfect opportunity to get onto the property ladder in this sought-after area of Croydon.
Full market value £399,000
Share 25%
Share £99,750
Deposit £ (min. 5%) £9,975
Mortgage required £89,775
Estimated monthly mortgage £525
Monthly rent £686
Estimated monthly service charge £205
Estimated total monthly costs £1,416
*see price list or speak to a member of the sales team for full details and supporting information about pricing
The Homes
Sleek metropolitan homes moments from East Croydon. Contemporary specification, and light, spacious living makes these apartments the ideal place to call home. Available through Shared Ownership, an affordable route to homeownership
Kitchen
* Contemporary handleless kitchen units from Howdens in matt white
* Light stone colour Formica worktops with matching upstand and stainless steel splashback behind hob
* Montpellier integrated appliances including ceramic hob, single multifunction oven, canopy extractor hood, fridge/freezer, washer dryer (located in utility cupboard)
Bathroom
* Large-format porcelain tiling with mosaic border detail
* Contemporary bath in white with frameless glass shower screen
* Hansgrohe wall-mounted chrome thermostatic bath and shower mixer tap with matching shower attachment, slider and rail
Flooring
* Pergo Premium Oak laminate flooring in silk matt finish to open plan living/kitchen/dining and hallway
* Brintons Laura Ashley wool mix carpet in Soft Truffle colour to bedrooms
Electrical
* LED downlights in white to open plan living/kitchen/dining, bedroom(s), bathroom, and hallway
* TV, phone and data points to living room and bedrooms
* TV and satellite connection point to living room pre-wired for SkyQ - Subject to a separate subscription
About Shared Ownership
Now that you have found your dream property you're probably asking, "is Shared Ownership right for me?" At Optivo, we know that a new home is one of the biggest purchases you will ever make, and Shared Ownership helps make this a reality.
You'll start by buying a share in your property that's between 25% and 75% of the full value, using a combination of a mortgage and a deposit. You will then pay a subsidised rent on the share you don't buy.
In the future, if your circumstances change and you'd like to, you can purchase more shares in your home, right up to 100%. As your share increases, the rent you pay decreases.
Speak to a member of our sales team for more details using the contact details below.
Telephone number - 02380820121 - Email address -sharedownership@lrg.co.uk
*Images used are for illustrative purposes only. Features shown may vary. Internal images are typical of Optivo finish.
Key Features
KITCHEN
- Contemporary handleless kitchen units from Howdens in matt white
- Light stone colour Formica worktops with matching upstand and stainless steel splashback behind hob
- Blanco single bowl stainless steel sink with Blanco Crest stainless steel mixer tap
- Montpellier integrated appliances including: ceramic hob with touch controls and heat indicator light, single multifunction oven, canopy extractor hood, fridge/freezer, washer dryer (located in utility cupboard)
- Integrated general waste and recyclable bins
- LED downlights to underside of wall units
BATHROOM
- Large format porcelain tiles in Mink colour to floor
- Large format porcelain tiles in Oyster colour with mosaic border detail to boxing behind basin and WC, to bath panel, skirting and full height around bath
- Contemporary bath in white with frameless glass shower screen
- Hansgrohe wall-mounted chrome thermostatic bath and shower mixer tap with matching shower attachment, slider and rail
- Ideal Standard semi-recessed countertop basin and Hansgrohe chrome mixer tap
- Ideal Standard back-to-wall WC with soft-close seat, concealed cistern, polished chrome finish dual flush plate and chrome finish toilet paper holder
- Chrome ladder heated towel radiator
- Full width mirror above vanity shelf to basin/WC
- Shaver socket in brushed chrome finish
- Two Hansgrohe robe hooks in chrome to back of door
EN SUITE SHOWER ROOM*
- Large format porcelain tiles in Mink colour to floor
- Large format porcelain tiles in Oyster colour with mosaic border detail to boxing behind basin and WC, to skirting and full height around shower
- Walk-in shower featuring glass screen and Hansgrohe wall-mounted chrome thermostatic shower mixer with matching shower attachment, slider and rail
- Ideal Standard semi-recessed countertop basin and Hansgrohe chrome mixer tap
- Ideal Standard back-to-wall WC with soft-close seat, concealed cistern, polished chrome finish dual flush plate and chrome finish toilet paper holder
- Chrome ladder heated towel radiator
- Full width mirror above vanity shelf to basin/WC
- Two Hansgrohe robe hooks in chrome to back of door
BEDROOM
- Brintons Laura Ashley wool mix carpet in Soft Truffle colour
- Built-in full-height wardrobe to specified bedrooms* with white melamine doors, hanging rail and upper storage area
ELECTRICAL
- LED downlights in white to open plan living/kitchen/dining, bedroom(s), bathroom, en suite* and hallway
- Additional wall lighting in white to bedroom(s)
- Brushed chrome finish switches and sockets throughout
- White switches and sockets where hidden, e.g. within cupboards
- TV, phone and data points to living room and bedrooms
- TV and satellite connection point to living room pre-wired for SkyQ
INTERIOR FINISHES
- Pergo Premium Oak laminate flooring in silk matt finish to open plan living/kitchen/dining and hallway
- Satin finish stainless steel ironmongery throughout
- White eggshell paint finish to joinery throughout
- White matt emulsion paint finish to walls and ceilings throughout
SECURITY & PEACE OF MIND
- Front door in oak finish with multipoint locking system, security chain and door viewer
- Comelit video door entry system
- Mains operated smoke, heat and carbon monoxide detectors with battery backup
- 10 year Premier warranty
HEATING
- Heating and hot water provided by communal combined heat and power (CHP) system, with Heatmiser Wireless NeoAir programmable thermostat
ENERGY EFFICIENCY
- Predicted Energy Efficiency rating between 81 and 85 (B)
- Predicted Environmental Impact rating between 91 and 94 (A/B)
- Built to latest Building Regulation standards
- Double glazed windows
EXTERIOR
- Private inset balcony with Kinley porcelain decking to all apartments**
- Secure residents’ cycle store
- Entrance lobby with lounge and workshop areas for use by all residents
- Ninth floor roof lounge and ‘social garden’ for use by all residents with Kinley and Thermowood decking, metal planters by Kinley, and timber planters & seating by Woodscape
- Twentieth floor glass pavilion and ‘nordic garden’ for use by all residents with Domus porcelain decking, and timber planters & seating by Woodscape
- Twenty-first floor enclosed ‘hidden garden’ for use by all residents with Kinley decking, and timber planters & seating by Woodscape
*Refer to floorplans in brochure (page 24 onwards) for information on apartments with en suites, and bedrooms with fitted wardrobes
** Flat 1 includes a private winter garden instead of a balcony
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
BrochureVirtual Tour
Map
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 25%, full price £399,000, £4,988 Min Deposit. Calculated using a representative rate of 3.94%
