2 bedroom apartment for sale
Robinson Court, 5 Campbell Road, CR0 2SP
Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Monthly Cost: £1,203
Rent £429,
Service charge £147,
Mortgage £627*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
· You have a gross household income of no more than £90,000 per annum when eligible to purchase.
· 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.
· You live or work in the property’s area
· To purchase this 40% minimum share you will need an average minimum joint household income of £41,537 and available savings of £5,600 for a 5% mortgage deposit.
Summary
Optivo are delighted to offer for sale this well-presented 2 bedroom apartment in Croydon
Description
The current market value is £275,000 for 100%. The minimum 40% share available is priced at £110,000, current rent payable £467.69 pcm, rent is subject to annual reviews. Service charges are currently £146.52 pcm.
Viewings by appointment only. Please contact resales via e-mail resales@southernhousing.org.uk for the vendors details.
If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@southernhousing.org.uk
Application forms need to be returned to Southern Housing 1st to apply to be assessed or who has passed the affordability calculator.
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Local information
Situated in a mainly residential area, there are several schools within walking distance, Wilford Road Recreation Ground is approx. 11 minutes’ walk away. For shopping then Central shopping centre and Whitgift centre are only a 7 minutes’ drive away approx. there are good transport links, Trams to Wimbledon or Croydon town centre are only an 18 minutes’ walk away approx., West Croydon Train station is 14 minutes away approx.
Key Features
Lease term 172 years
EPC rating C79
Features
Living Room
Kitchen
2 bedrooms
On site parking
Particulars
Tenure: Leasehold
Lease Length: 172 years
Council Tax Band: Not specified
Property Downloads
BrochureMap
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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £275,000, £5,500 Min Deposit. Calculated using a representative rate of 5.26%
