1 bedroom apartment for sale

Available

Chandler Court, 340 Bensham Lane, CR7 7EQ

£85,500 · Shared Ownership Resale

Share percentage 45%, full price £190,000, £4,275 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£85,500 Shared Ownership Resale

Share percentage 45%, full price £190,000, £4,275 Min Deposit.

Monthly Cost: £893
Rent £386, Service charge £81, Mortgage £426*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

One bedroom ground floor apartment.

Description

SHARED OWNERSHIP

Full Market Value: £190,000

Share Value (45%):£85,500

Monthly Rent: £385.76

Service Charge: £80.70

99 year lease commenced September2006 - 83 years remaining

New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

Thornton Heath High Street provides a variety of shops and restaurants and is only a 5-10min walk away. Tesco is located off the High Street (7 min walk) and Sainsburys off Whitehorse Lane. The localleisure centre is also just a short walk away.

Thornton Heath railway station is located 0.4 miles away with links to London Victoria, London Bridge, Clapham Junction and East Croydon. Many bus routes operate in the area connecting you to Croydon and Crystal Palace.The A23 is 0.6 miles away with links to the A22 and M25 at junction 7.

Croydon Town Centre is 3 miles away, offering a bustling high street andlarge shopping centres, which offer a range of high street shops, café’s and restaurants.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £30,164. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our websitelqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at April 2022.

Key Features
  • Lounge-diner.
  • Separate kitchen fitted with beige wall and base units and black marble effect worktops.
  • Integrated oven, hob and extractor fan and spaces for a fridge freezer and washing machine.
  • One double bedroom benefitting from a fitted wardrobe.
  • Bathroom fitted with white suite, shower over bath and glass shower screen.
  • Entrance hallway featuring a storage cupboard.
  • Economy 7 electric heating (not tested).
  • Private garden.
  • Access to communal bicycle store.
Property Downloads
Floor Plan
Map
Thornton Heath (0.30 miles) Selhurst (0.65 miles) West Croydon (1.14 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.

£85,500
Shared Ownership Resale
Estimated Monthly Cost:£893
Rent £386
Service Charge £81
Mortgage £426

Share percentage 45%, full price £190,000, £4,275 Min Deposit. Calculated using a representative rate of 3.94%


Development
Resales
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.