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: £1,542
Rent £502,
Service charge £477,
Mortgage £563*
Calculated using a representative rate of 4.24%
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.
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
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 4.24%
