2 bedroom apartment for sale

Available

Henry House, Ringers Road, BR1 1AA

£200,750 · Shared Ownership Resale

Share percentage 55%, full price £365,000, £20,075 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£200,750 Shared Ownership Resale · Eligibility Eligibility

Share percentage 55%, full price £365,000, £20,075 Min Deposit.

Monthly Cost: £1,690
Rent £457, Service charge £214, Mortgage £1,019*

Calculated using a representative rate of 4.64%

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Available through our resale shared ownership scheme, a fifth floor, two-bedroom apartment in Bromley.

Description

The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances including dishwasher, two bedrooms, family bathroom with shower over bath and hallway storage.

The property also benefits from access to a communal garden and off-street permit parking.

Lease: Commenced 2016 with 125-year term

Council Tax Band: Bromley Council - D

Gross Internal Area: 716sq.ft.

FINANCIAL INFORMATION

Property Value = £365,000

Percentage Share = 55%

Share Price = £200,750

*Monthly Rent = £457.20

*Monthly Service Charge = £213.64

**Monthly Mortgage Payment = £1,164

***Annual Household Income = £71,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6.0%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

Key Features
  • Traditionally a Market Town, Bromley today is a prime commuter location serving London and the South East. It is home to an array of bars, restaurants, parks, cafés, entertainment venues and retail centres.
  • Cultural highlights local to Bromley include Eltham Palace, an impressive English Heritage property and the extraordinary subterranean complex of Chiselhurst Caves.
  • For the more athletically inclined, the many trails taking in tranquil country lanes and big sky landscapes provide the perfect terrain for cyclists and runners of all abilities.
  • The development is a short walk from the green expanses of Church House Gardens; home to tennis and basketball courts, a lake and well-tended ornamental gardens.
  • There are no shortages of options for an evening out in Bromley. The Churchill Theatre plays host to many productions that later transfer to London’s West End. And for a night out at the movies, the Bromley Picturehouse offers blockbuster Hollywood action.
  • If you prefer retail therapy, Bromley offers a range of major high street stores, many at The Glades Shopping Centre including the Apple Store, H&M and Marks & Spencer amongst others.
  • Bromley South station is just a short walk from the building and has a regular train service to London Victoria, just 16 minutes away. Head south by car and you will find yourself in the heart of the Kent Countryside within minutes.
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Bromley South (0.14 miles) Bromley North (0.51 miles) Shortlands (0.61 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.

£200,750
Shared Ownership Resale
Estimated Monthly Cost:£1,690
Rent £457
Service Charge £214
Mortgage £1,019

Share percentage 55%, full price £365,000, £20,075 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
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.