2 bedroom apartment for sale
82 Elder Road, West Norwood, SE27 9BB
Share percentage 30%, full price £365,000, £5,475 Min Deposit.
Share percentage 30%, full price £365,000, £5,475 Min Deposit.
Monthly Cost: £1,674
Rent £531,
Service charge £519,
Mortgage £624*
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.
· To purchase this 30% minimum share you will need a minimum joint household income of £31239 and available savings of £5475 for a 5% mortgage deposit.
Summary
Optivo are delighted to offer highly sort after well-presented 2 bed 1st floor apartment
Description
Fantastic 2-bed apartment located on the 1st floor, of a modern within a 5-story building.
This modern-built apartment benefits from an open plan kitchen, and large reception room with an attached balcony providing beautiful views of Norwood park.
Each large, well-lit room benefits from modern interiors & built-in storage.
Please note the building has been identified as having Cladding. This cladding is being removed and the costs will be covered through the Cladding Safety Scheme and Homes England.
There is an allocated parking as well as accessible transport links
This building has also recently installed a new fire system.
Internal Floor Area: 65 sqm
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 asap
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.
Key Features
This apartment is very close to the new leisure centre and swimming pool, also a short walk to West Norwood Station with its frequent services to London Bridge and Victoria.
It is a very short walk to local amenities & shops.
Transport
- West Norwood Station 0.5 miles
- Gipsy Hill Station 0.6 miles
- Sydenham Hill Station 1.0 miles
Schools
St Luke's Church of England Primary School
State School
Ofsted: Good
0.1 miles
The Norwood School
State School
Ofsted: Good
0.1 miles
St Joseph's RC Infant School
State School
Ofsted: Good
0.2 miles
Park Campus Academy
State School
Ofsted: Good
0.2 miles
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
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 30%, full price £365,000, £5,475 Min Deposit. Calculated using a representative rate of 5.26%
