2 bedroom apartment for sale
Darwin Court, 86 Warham Road, CR2 6LB
Share percentage 60%, full price £285,000, £8,550 Min Deposit.
Share percentage 60%, full price £285,000, £8,550 Min Deposit.
Monthly Cost: £1,481
Rent £282,
Service charge £225,
Mortgage £974*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· 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 60% minimum share you will need a minimum joint household income of £47189 and available savings of £17100 for a 10% mortgage deposit.
Summary
Fantastic investment opportunity for a 2 bed, 2nd floor apartment at Darwin House
Description
Spectacular 2 bed second floor apartment based in the heart of South London.
This property benefits from a large open plan kitchen/reception room, generously sized bedrooms, family sized bathroom, allocate parking, Juliet balcony & communal gardens.
Due to the anticipated high demand for this property, viewing ASAP is strongly advised.
The price of your lease extension is likely to be between £3000 and£ 5000 plus costs.
Lease Term: 99 years from 1 March 2012
EPC Rating: C
Council: Croydon
Council tax band: C
Floor size:73 sqm
Communal entrance hallway
Entrance hallway
Lounge area 4.26m x 6.20m (14’0 x 20’4)
with Open-plan Kitchen 2.83m x 2.6m (9’3 x 8’6)
Bedroom 1 2.64m x 4.55m (8’8 x 15’0)
Bedroom 2 3.28m x 3.40m (10’9 x 11’2)
Bathroom/WC 1.93m x 2.29m (6’4 x 7’6)
Overall floor area 73.4 ( 790 ft2 )
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 optivo.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 ASAP
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.
For more information please visit https://www.optivo.org.uk/sales
Key Features
Easy access to transport links to London And South East England
Short walking distance to shops, supermarkets, BOX PARK & local amenities.
NEAREST STATIONS
South Croydon Station
0.4 miles
Waddon Station
0.7 miles
Church Street Tram Stop
0.8 miles
NEAREST SCHOOLS
Howard Primary School
State School
Ofsted: Good
0.2 miles
Whitgift School
Independent School
ISI: No Rating Available
0.2 miles
Aerodrome Primary Academy
State School
Ofsted: Good
0.2 miles
Heathfield Academy
State School
Ofsted: Outstanding
0.3 miles
Particulars
Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: C
Property Downloads
Floor PlanMap
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 60%, full price £285,000, £8,550 Min Deposit. Calculated using a representative rate of 5.26%
