1 bedroom apartment for sale
Verde House, 1 Cairo New Road, CR0 1XP
Share percentage 30%, full price £305,000, £4,575 Min Deposit.
Share percentage 30%, full price £305,000, £4,575 Min Deposit.
Monthly Cost: £1,259
Rent £549,
Service charge £189,
Mortgage £521*
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 £90000 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 30% minimum share you will need a minimum joint household income of £44121 and available savings of £4575 for a 5% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this well-presented 1 bedroom 5th Floor Apartment in the heart of South London
Description
Fantastic 1 Bedroom apartment situated in the heart of south London.
This property consists of a large open plan kitchen/reception room, generously sized bedroom, high spec bathroom & balcony which provides stunning sunlight to the property.
Lease Term: 125 years from and including 1 October 2020
EPC Rating: B
Council: Croydon
Council tax band: C
Floor size:50m2
Accommodation:
Entrance hallway
Kitchen & lounge
One Bedroom
Bathroom W/C
Demised private balcony.
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail dionne.lester@southernhousing.org.uk or resales@southernhousing.org.uk for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing by first come first serve
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
Short walking distance to shops, local amenities & fantastic transport links.
This property is ideal for commuters wishing to get onto the London property market.
NEAREST STATIONS
Reeves Corner Tram Stop
0.0 miles
Church Street Tram Stop
0.1 miles
Centrale Tram Stop
0.1 miles
NEAREST SCHOOLS
Al-Khair School Preparatory School
Independent School
Ofsted: Good
0.2 miles
Old Palace of John Whitgift School
Independent School
ISI: No Rating Available
0.2 miles
Harris Invictus Academy Croydon
State School
Ofsted: Outstanding
0.4 miles
The Minster Junior School
State School
Rating: N/A
0.4 miles
Particulars
Tenure: Leasehold
Lease Length: 125 years
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 £305,000, £4,575 Min Deposit. Calculated using a representative rate of 5.26%
