2 bedroom apartment for sale

Under Offer

Flint Court,, 160 Thornton Road, CR7 6BB

£94,500 · Shared Ownership Resale

Share percentage 35%, full price £270,000, £4,725 Min Deposit.

Under Offer
2 bedrooms
1 Bathroom
Pets allowed
Parking
£94,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 35%, full price £270,000, £4,725 Min Deposit.

Monthly Cost: £993
Rent £386, Service charge £121, Mortgage £486*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

· 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 35% minimum share you will need an average minimum joint household income of £36,451and available savings of £4,725 for a 5% mortgage deposit.

Summary

Optivo are delighted to offer for sale this well-presented 2-bedroom ground floor apartment in Croydon

Description

The current market value is £270,000 for 100%. The minimum 35% share available is priced at £94,500, current rent payable £386.15 pcm, rent is subject to annual reviews. Service charges are currently £121.41 pcm.

Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail resales@optivo.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@optivo.org.uk

Application forms need to be returned to Optivo

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

This ground floor apartment in flint Court is located on Thornton Road in Croydon has great transport link being within 2.3 miles of West Croydon station with Southern trains and Overground. Mitcham Junction is within 2.6 miles with links from Southern and Thames link both with routes in to London City Centre.

Mitcham Common is within walking distance and Pollards Hill Skate and Kids Grass Park is 1.6 miles away.

Valley Road Retail park with the iconic twin towers and Vue Cinema is only 2 miles away.

Key Features

Full market value £270,000

Share available and price 35% £94,500

Current rent payable £386.15

Monthly service charge £121.41

Lease term 173 years

EPC rating C78

Features

The accommodation comprises two bedrooms and one bathroom, one reception room and one kitchen.

Particulars

Tenure: Leasehold
Council Tax Band: Not specified

Property Downloads
Brochure
Map
Thornton Heath (1.00 miles) West Croydon (1.08 miles) Selhurst (1.27 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 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.

£94,500
Shared Ownership Resale
Estimated Monthly Cost:£993
Rent £386
Service Charge £121
Mortgage £486

Share percentage 35%, full price £270,000, £4,725 Min Deposit. Calculated using a representative rate of 4.24%


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.