Studio apartment for sale
Plot C1-49, Addiscombe Road, CR0 5PL
Share percentage 25%, full price £325,000, £4,063 Min Deposit.
Share percentage 25%, full price £325,000, £4,063 Min Deposit.
Monthly Cost: £1,075
Rent £427,
Service charge £185,
Mortgage £463*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Ready to move in now! 6th floor studio offering 45 sq.m of internal area with outdoor space. Close to East Croydon Station for quick links into London Bridge, Brighton and Gatwick Airport.
Description
Plot C1-49
6th floor studio offering 45 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our show home.
£81,250 for a 25% share of £325,000 and a deposit as low as £4,062 and a minimum income of £37,000.
Full Market Value: £325,000
Shared Value (25%): £81,250
Minimum deposit: £4,062
Required income: £37,000
Rent PCM: £427
Council tax band: TBC
Viewings now available by appointment only. Register your interest to find out more.
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
Addiscombe OaksSO
With convenience at its core, Addiscombe Oaks brings to the market high-quality homes located in one of Croydon's most popular hotspots. Ideal for first-time buyers, Addiscombe Oaks positions you perfectly for easy access into a vibrant and exciting neighborhood. With BOXPARK Croydon, the Whitgift Shopping Centre, and the Surrey Street Market on your doorstep, there's something for everyone.
Contact a member of our sales team today to find out more or book a viewing!
*Terms and conditions apply.
Key Features
- Private outdoor space plus access to a communal garden
- Boxpark, Whitgift Shopping Centre and Wandle Park on your doorstep
- 3 year Zipcar membership
- Close to East Croydon Station, for quick links into London Bridge, Brighton and Gatwick Airport
- Multiple transport connections including Thameslink, National Rail, Overground and Tramlink, all in London zone 5
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan Brochure BrochureMap
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 25%, full price £325,000, £4,063 Min Deposit. Calculated using a representative rate of 5.26%