1 bedroom apartment for sale


Verde House, 1 Cairo New Road, CR0 1XP

£91,500 · Shared Ownership Resale

Share percentage 30%, full price £305,000, £4,575 Min Deposit.

1 bedroom
1 Bathroom
Private Balcony/Terrace
£91,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £305,000, £4,575 Min Deposit.

Monthly Cost: £1,288
Rent £549, Service charge £189, Mortgage £550*

Calculated using a representative rate of 5.81%

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.


Southern Housing are delighted to offer for sale this well-presented 1 bedroom 5th Floor Apartment in the heart of South London


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


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.


Reeves Corner Tram Stop

0.0 miles

Church Street Tram Stop

0.1 miles

Centrale Tram Stop

0.1 miles


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


Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C

Property Downloads
West Croydon (0.29 miles) East Croydon (0.55 miles) Waddon (0.75 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.

Shared Ownership Resale
Estimated Monthly Cost:£1,288
Rent £549
Service Charge £189
Mortgage £550

Share percentage 30%, full price £305,000, £4,575 Min Deposit. Calculated using a representative rate of 5.81%

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.