2 bedroom apartment for sale
Merstham House, 3 Iron Railway Close, CR5 3LF
Share percentage 30%, full price £340,000, £5,100 Min Deposit.
Share percentage 30%, full price £340,000, £5,100 Min Deposit.
Monthly Cost: £1,443
Rent £685,
Service charge £177,
Mortgage £581*
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 £48,071 and available savings of £5,100 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 2 bed one bath flat in Coulsdon.
Description
Private Parking space
EPC Rating: B - 84
Council: Croydon
Council tax band: C
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via Danielle.Head@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
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
Coulsdon south train station 4 minutes walking distance
Victoria station 29 minute journey
London Bridge 19 minute journey
Schools:
Smithham Primary school – 8 minute walking distance
St Aidan’s R C Primary school – 9 minute walking Distance
Parks:
Farthing Downs – 12 minute walking distance
Happy Valley – 30 minute walking distance
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail Danielle.head@southernhousing.org.uk 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 21st February 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: 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 £340,000, £5,100 Min Deposit. Calculated using a representative rate of 5.26%
