1 bedroom apartment for sale
Hallam Court, 20 Whitehorse Road, CR0 2JA
Share percentage 35%, full price £225,000, £3,938 Min Deposit.
Share percentage 35%, full price £225,000, £3,938 Min Deposit.
Monthly Cost: £970
Rent £379,
Service charge £142,
Mortgage £449*
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 35% minimum share you will need a minimum joint household income of £33,569 and available savings of £3,938 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 1 bed one bath flat in Croydon.
Description
The flat is located on a main road, which is served by several bus routes, including Superloop.
Parking permit is available to buy if you prefer using a car.
Croydon town center is overgoing redevelopment to become a cultural hotspot and a modern place to live. There are numerous projects and building work is taking place, which ensures that this is an upcoming area, where properties remain in high demand.
Despite being in the centre, the flat is located in a nice block, not in a high-rise tower, which will give you community feel. There is a strong neighbourhood feel, even a resident association to make your voice.
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via Linda.Edvardsen@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 25.01.2024
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
The flat is walking distance away from the shopping street, all amenities are nearby. There are numerous schools, GP, libraries and bars, restaurants close by.
Airports are in easy reach; Gatwick is 20 min on train, Heathrow is one Superloop bus ride away at unbeatable price, also from East Croydon station there is direct train to Luton even overnight.
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail optivo.resales@southernhousing.org.uk for the vendors details.
If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to optivo.resales@southernhousing.org.uk
Application forms need to be returned to Southern housing by 25th January 2024
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.
Particulars
Tenure: Leasehold
Lease Length: 115 years
Council Tax Band: B
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 35%, full price £225,000, £3,938 Min Deposit. Calculated using a representative rate of 5.26%
