1 bedroom apartment for sale
8 Leaden Hill, Coulsdon, CR5 2BZ
Share percentage 30%, full price £260,000, £3,900 Min Deposit.
Share percentage 30%, full price £260,000, £3,900 Min Deposit.
Monthly Cost: £1,154
Rent £523,
Service charge £187,
Mortgage £444*
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.
· 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 £38517 and available savings of £3900 for a 5% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this well-presented 1 bedroom 3rd Floor Apartment at the highly sought after Leaden Hill
Description
This fantastic property is located in the heart of South London & ideal for those wishing to get onto the London Property market.
Located within 5 minutes from 3 train stations and high street, this property has great potential for any buyer.
The property consists of a large open plan kitchen/reception room, generously sized bedroom, wet room, balcony & communal garden.
Due to the location and popularity of this building viewing ASAP is strongly advised
Accommodation:
Entrance hallway –
Bedroom 1 –
Bathroom W/C –
Kitchen & Lounge –
Gross Internal Floor Area:
56 Sqm
Lease Term: 125 from and including 10th April 2015
EPC Rating: B 87
Council: Croydon
Council tax band: C
Floor size:56m2
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 by asap as this property is 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, amenities, trains stations, Farthing Downs Park, Happy Valley fields & several Good Ofsted rated schools.
NEAREST STATIONS
Coulsdon Town Station
0.1 miles
Coulsdon South Station
0.4 miles
Reedham (Surrey) Station
0.9 miles
NEAREST SCHOOLS
Woodcote Primary School
State School
Rating: N/A
0.5 miles
Smitham Primary School
State School
Ofsted: Good
0.4 miles
Woodcote High School
State School
Ofsted: Good
0.6 miles
St Aidan's Catholic Primary School
State School
Ofsted: Good
0.5 miles
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: C
Map
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 £260,000, £3,900 Min Deposit. Calculated using a representative rate of 5.26%
