1 bedroom apartment for sale

Available

Traders Quarters, 2 Overtons Yard, CR0 1SL

£84,000 · Shared Ownership Resale

Share percentage 35%, full price £240,000, £8,400 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£84,000 Shared Ownership Resale

Share percentage 35%, full price £240,000, £8,400 Min Deposit.

Monthly Cost: £1,024
Rent £394, Service charge £238, Mortgage £392*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

£
Summary

One bedroom third floor apartment

Description

SHARED OWNERSHIP

Full market value – £240,000

You pay (35%) - £84,000

Monthly rent – £393.99

Monthly Service charge - £238.11

Council tax band - B

EWS1 certification status for this property is the responsibility of a third party and is currently unknown. More information on EWS1 certificates can be found on the LQ Group website by searching “EWS1"

99year lease commenced in June 2006 - 83years remaining

Croydon Town Centre is within walking distance of the apartment, offering you a variety of shops, restaurants, bars, a cinema and much more.For your weekly food shop, Waitrose is within 0.3 miles, Sainsbury’s is within 0.5 miles and Tesco is within 1.1 miles.

West Croydon Train Station is within 0.5 miles offering links to Sutton in 12 minutes, London Victoria in 38 minutes and London Bridge in 40 minutes. East Croydon Train station is within 0.5 miles offering links to London Victoria in 16 minutes, and the south coastin 32 minutes. Church Street Tram Station is within 0.2 miles and offers links to Wimbledon, Beckenham Junction and New Addington.

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

This home is avail to anyone who is affordable, meets the minimum household income requirement of £35,945and beable to raise a shared ownership mortgage. If you are affordable to buy more shares and have the deposit required by a mortgage lender to do this, you may only be able to proceed with the purchase subject to doing this.

Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website www.lqhomes.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.I

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 June 2022.

Key Features
  • Living/dining area open plan to kitchen with doors to private terrace.
  • Kitchen, fitted with white wall and base units and grey worktops featuring integrated fridge freeze, oven, hob and extractor fan.
  • Double bedroom with fitted wardrobe.
  • Bathroom fitted with white suite and a shower over the bath.
  • Storage cupboard to hallway
  • Close to train and tram stations
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
West Croydon (0.40 miles) East Croydon (0.48 miles) Waddon (0.76 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.

£84,000
Shared Ownership Resale
Estimated Monthly Cost:£1,024
Rent £394
Service Charge £238
Mortgage £392

Share percentage 35%, full price £240,000, £8,400 Min Deposit. Calculated using a representative rate of 3.82%


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.