2 bedroom apartment for sale
Empire Court, 357 Grange Road, SE19 3BL
Share percentage 50%, full price £310,000, £7,750 Min Deposit.
Share percentage 50%, full price £310,000, £7,750 Min Deposit.
Monthly Cost: £1,356
Rent £274,
Service charge £199,
Mortgage £883*
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.
- Live or work in the borough
- You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
- You do not already own a home, or you will have sold your current home before you purchase or rent.
- To purchase this 50% minimum share you will need a minimum joint household income of £45,706 and available savings of £7,750 for a 5% mortgage deposit.
Summary
Southern Housing are delighted to present this 2 - bedroom, ground floor flat
Description
A very well-presented, bright and spacious, ground floor two bedroom flat, located in a sought-after area. The accommodation comprises of an entrance hallway, lounge/ diner, kitchen, two double bedrooms and a bathroom and comes with an allocated parking space.
A short distance from the popular and highly regarded Crystal Palace, South Norwood Lake and the Waterside Centre. The property is located within easy reach of transport links, with Norwood Junction Station and Overground providing exceptional links into central London Stations. There are a variety of amenities just a short distance away with the Crystal Palace Triangle, a variety of fashionable bars and restaurants, Crystal Palace Park, South Norwood Lake and the Waterside Centre which boast beautiful open spaces and a lakeside café.
Lease Term:99 years from 29/09/1997 - (73) with lease extension
EPC Rating: C
Council: Croydon
Council tax band: C
Viewings by appointment only. Please contact resales via e-mail resales@southernhousing.org.uk for the vendors details.
Once you have viewed the property, if you wish to apply, the application form needs to be returned to Southern Housing ASAP. Application forms are attached to the viewing email.
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.
Joint applicants min income £44,219 with 5% deposit £7,750
- You must register your interest (pink button on the right) to be considered for this property
- You must register with and pass a financial assessment with one of the below companies before you can view this property
- TMP The Mortgage People (tmpmortgages.co.uk)
- Mortgage Advice Bureau | UK’s leading mortgage intermediary
- SRC Mortgage Solutions
Key Features
- Ground floor flat
- Close to Crystal Palace and South Norwood
- Local green spaces and parks
- Local restaurants, bars and markets
Particulars
Tenure: Leasehold
Lease Length: 73 years
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 50%, full price £310,000, £7,750 Min Deposit. Calculated using a representative rate of 5.26%
