2 bedroom apartment for sale

Available

Rokewood Apartments, 92 High Street, Beckenham, BR3 1DE

£157,500 · Shared Ownership Resale

Share percentage 35%, full price £450,000, £15,750 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£157,500 Shared Ownership Resale

Share percentage 35%, full price £450,000, £15,750 Min Deposit.

Monthly Cost: £1,937
Rent £822, Service charge £316, Mortgage £799*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A chance to buy a two-bedroom apartment with parking and private outside space. The ground-floor property appears in excellent condition throughout and has a large reception room with open-plan kitchen featuring sleek, white units and integrated appliances. A door leads out to a full-width, rear-facing patio. There is a generously-sized main bedroom with built-in, mirror-fronted wardrobe plus a second, comfortable, double bedroom and a bathroom with decorative pencil mosaics. The energy-efficiency rating is good, thanks to modern insulation standards, gas central heating and high performance glazing. Rokewood Apartments is located in a cul-de-sac just off the High Street with shops, restaurants and other amenities close by. Beckenham Junction, for trains in to London Bridge/Victoria, is only a few minutes walk away, as is the local tram stop.

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £450,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/5n8bcb35]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: L&Q.
Tenure: Leasehold (125 years from 20/07/2015).
Minimum Share: 35% (£157,500). Please note that applicants should purchase the maximum share that they can afford and sustain.
Shared Ownership Rent: £821.80 per month (subject to annual review).
Service Charge: £315.82 per month (subject to annual review).
Ground Rent: £100.00 for the year.
Guideline Minimum Income: Dual - £68,900 | Single - £79,600 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Bromley. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Please visit https://www.lqgroup.org.uk/media-centre/news/changes-to-our-pets-policy for questions about keeping pets in the property.

Key Features
  • Guideline Minimum Deposit £15,750
  • Guide Min Income - Dual £68.9k Single £79.6k
  • Ground Floor
  • Approx. 766 Sqft Gross Internal Area
  • High Performance Glazing
  • Private Patio
  • Parking Space
  • Minutes from Beckenham Junction
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Brochure
Map
Beckenham Junction (0.20 miles) Clock House (0.63 miles) New Beckenham (0.71 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£157,500
Shared Ownership Resale
Estimated Monthly Cost:£1,937
Rent £822
Service Charge £316
Mortgage £799

Share percentage 35%, full price £450,000, £15,750 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.