1 bedroom apartment for sale
Merstham House, 3 Iron Railway Close, CR5 3LF
Share percentage 30%, full price £275,000, £4,125 Min Deposit.
Share percentage 30%, full price £275,000, £4,125 Min Deposit.
Monthly Cost: £1,072
Rent £467,
Service charge £140,
Mortgage £465*
Calculated using a representative rate of 5.15%
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 £26,478 - £37,729 and available savings of £4,125 for a 5% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this high spec 1 bed, 1st Floor Apartment
Description
· Permitted on-road parking included
· 5-minute walk to Coulsdon South station, 10-minute walk to Coulsdon Town station, with easy access to London Bridge and London Victoria
· Private balcony
· Communal safe storage for bikes
· 6-minute walk to Coulsdon Town High Street which has an array of shops, supermarkets, and restaurants
· Courtyard facing apartment, so is shielded from any main road noise
· The property is surrounded by greenery, with Farthing Downs close by
· There are many top performing schools within the area, some of which are walking distance
· Approximately 20 minutes from Gatwick airport
· Lease Term:125 years from 2018
· EPC Rating: B
· Council tab band: C
· Council: CROYDON
· Floor size:51 m2
Viewings by appointment only. Please note Social Distancing measures need to be followed. 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 ASAP - on a first come first serve basis - you must have viewed the property.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
NEAREST STATIONS
Coulsdon South Station0.3 miles
Coulsdon Town Station0.3 miles
Woodmansterne Station0.6 miles
NEAREST SCHOOLS
Smitham Primary School
State School Ofsted: Good
0.2 miles
St Aidan's Catholic Primary School
State School Ofsted: Good
0.3 miles
Woodcote Primary School
State School Rating: N/A
0.6 miles
Oasis Academy Byron
State School Ofsted: Outstanding
0.7 miles
Particulars
Tenure: Leasehold
Council Tax Band: C
Map
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 £275,000, £4,125 Min Deposit. Calculated using a representative rate of 5.15%
