2 bedroom apartment for sale
Plot C1-12, Addiscombe Road, CR0 5PL
Share percentage 25%, full price £407,500, £5,094 Min Deposit.
Share percentage 25%, full price £407,500, £5,094 Min Deposit.
Monthly Cost: £1,383
Rent £573,
Service charge £229,
Mortgage £581*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Reserve your new Shared Ownership home between 1 – 30 April with only a £99* reservation fee and receive up to £3,500 towards your buying costs on two and three bedroom homes *
Description
Put a spring in your step and a foot on the property ladder.
Reserve your new Shared Ownership home between 1 - 30 April with only a £99* reservation fee and receive up to £3,500 towards your buying costs on two and three bedroom homes * when you quote 'London Home Show'* to our sales team.
Prices from £101,875** for a 25% share.
Make your move with L&Q
Plot C1-12
2 bedrooms 1st floor apartment offering 66 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our show home.
£101,875 for a 25% share of £407,500 and a deposit as low as £5,094 and a minimum income of £51,000.
Full Market Value: £407,500
Shared Value (25%): £101,875
Minimum deposit: £5,094
Required income: £51,000
Rent PCM: £573
Council tax band: TBC
Viewings now available by appointment only. Register your interest to find out more.
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
Addiscombe OaksSO
With convenience at its core, Addiscombe Oaks brings to the market high-quality homes located in one of Croydon's most popular hotspots. Ideal for first-time buyers, Addiscombe Oaks positions you perfectly for easy access into a vibrant and exciting neighborhood. With BOXPARK Croydon, the Whitgift Shopping Centre, and the Surrey Street Market on your doorstep, there's something for everyone.
Contact a member of our sales team today to find out more or book a viewing!
*Offer is subject to an affordability assessment. Incentive terms and conditions apply. For full terms and conditions, visit lqhomes.com/terms-and-conditions/. L&Q Shared Ownership terms and conditions apply. Please visit lqhomes.com/shared-ownership for more info. **Prices correct at time of print. £101,875 for a 25% share at Addiscombe Oaks. Full market value of £407,500. Images for illustrative purposes only. April 2024.
Key Features
- Close to East Croydon Station, for quick links into London Bridge, Brighton and Gatwick Airport
- Private outdoor space plus access to a communal garden
- Boxpark, Whitgift Shopping Centre and Wandle Park on your doorstep
- 3 year Zipcar membership and £60 driving credit
- Multiple transport connections including Thameslink, National Rail, Overground and Tramlink, all in London zone 5
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan Brochure 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 25%, full price £407,500, £5,094 Min Deposit. Calculated using a representative rate of 5.26%
