1 bedroom apartment for sale
Sylvan Hill, Croydon, SE19 2QD
Share percentage 35%, full price £345,000, £6,038 Min Deposit.
Share percentage 35%, full price £345,000, £6,038 Min Deposit.
Monthly Cost: £1,459
Rent £579,
Service charge £192,
Mortgage £688*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Croydon, Greater London
Description
Modern, bright & spacious one-bedroom apartment now available in Crystal Palace, South London, through Shared Ownership.
The property comprises a wide living room with two private patios, an open-plan fitted kitchen, and a large bedroom. This could be ideal for a couple or a single person.
The flat is on the lower ground floor of a newly built construction (circa 2021); it has allocated a communal entrance lobby and shared bike stores.
Key Information Document
Available for £120,750 for 35% share based on the marketing figure of £345,000.
Monthly rent - £579.35
Monthly Service Charge - £191.71
Total Monthly Charge - £771.06 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is located in a mixed residential area, with shops, a railway station, an overground station and other amenities available nearby at Crystal Palace.
Central London can be reached by a direct train in about 40 minutes from the flat.
In addition to the ideal commuting location, there are also several natural areas within walking distance, such as Crystal Palace Park, South Norwood Lakes & Gardens and Grangewood Park.
EPC ratingEnergy rating band - B
Layout and dimensionsGross internal floor area: 54 m²
Living room & kitchen: 6.60 x 2.74 m
Bedroom: 3.96 x 3.304.72 x 2.77 m
Patio 1: 2.92 x 2.74 m
Patio 2: 9.14 x 1.22 m
Years remaining on lease: 997
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- One-bedroom apartment
- Modern building (2021)
- Two private patios
- Central London in 40 min
- Available for 35% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 35%, full price £345,000, £6,038 Min Deposit. Calculated using a representative rate of 5.26%
