1 bedroom apartment for sale

Available

Henry House, Ringers Road, BR1 1AA

£155,000 · Shared Ownership Resale

Share percentage 50%, full price £310,000, £15,500 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Floor plan
floor-plan
Floor plan
floor-plan
£155,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £310,000, £15,500 Min Deposit.

Monthly Cost: £1,366
Rent £406, Service charge £173, Mortgage £787*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • 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.
Summary

Available through our resale shared ownership scheme, a seventh floor, one-bedroom apartment in Bromley.

Description

The property comprises a communal entrance with entry system, lift access, reception, fitted kitchen with integrated appliances, Juliette balcony, one bedroom, bathroom with shower over bath, hallway storage cupboard and double glazing throughout.

The property also benefits from access to a communal courtyard.

Lease: Commenced 2016 with 125-year term

Council Tax Band: Bromley Council - C

Gross Internal Area: 549sq.ft.

FINANCIAL INFORMATION

Property Value = £310,000

Percentage Share = 50%

Share Price = £155,000

*Monthly Rent = £405.72 from 1st April

*Monthly Service Charge = £172.70 from 1st April

**Monthly Mortgage Payment = £942.00

***Annual Household Income = £56,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call our Sales Team on 0345 606 1221

**To obtain a Hyde New Homes Reference number, choose ‘My Hyde’ to register/login on our website and complete the online application. A reference number will be emailed to you once the application is completed.

Please know you may be asked additional information to determine your eligibility, affordability, and your priority as a candidate.

We often receive a high level of interest and aim to respond to enquiries within 3 working days. Please call our sales team if you haven't heard from us within this time.

Key Features

LOCAL AREA INFORMATION

  • This property has excellent transportation links. Bromley South Station is under 5 minutes away and is served by both Thameslink and Southeastern, linking you to Central London in under half an hour. In addition, there are various bus stops on your doorstep, serving areas such as West Croydon and Eltham.
  • The Glades Shopping Centre is a stone's throw away and has an extensive range of well-known brands available. Furthermore, High Street has a diverse range of shops, restaurants, cafes, and takeaways. Local amenities also include a bank, pharmacy, gym, and post office
  • This property also benefits from a range of Ofsted: Good rated Infant and Primary schools located nearby. Around the corner, Bromley Park is excellent for play, dog walking, and relaxation.
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Bromley South (0.14 miles) Bromley North (0.51 miles) Shortlands (0.61 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.

£155,000
Shared Ownership Resale
Estimated Monthly Cost:£1,366
Rent £406
Service Charge £173
Mortgage £787

Share percentage 50%, full price £310,000, £15,500 Min Deposit. Calculated using a representative rate of 4.64%


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.