1 bedroom apartment for sale
Burway Close, South Croydon,, CR2 7AY
Share percentage 40%, full price £225,000, £9,000 Min Deposit.
Share percentage 40%, full price £225,000, £9,000 Min Deposit.
Monthly Cost: £1,148
Rent £479,
Service charge £212,
Mortgage £457*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a first floor, one-bedroom apartment in Croydon.
Description
This south facing apartment comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated appliances, which includes a new oven less than six months old, one bedroom, bathroom with shower over bath and generous hallway storage.
The property also benefits from access to a communal garden and off-street, allocated parking with visitor bays.
Lease: Commenced 2008 with 125-year term
Council Tax Band: Croydon Council - C
Approx. Gross Internal Area: 436sq.ft.
FINANCIAL INFORMATION
Property Value = £225,000
Percentage Share = 40%
Share Price = £90,000
*Monthly Rent = £479.41
*Monthly Service Charge = £212.18
**Monthly Mortgage Payment = £460
***Annual Household Income = £40,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- Croydon Town Centre offers a variety of shopping facilities, restaurants, cinemas, bars and nightlife including Centrale Shopping Centre. The nearby Selsdon Road and high-street offers quick access to local amenities and bus services.
- South Croydon Train Station is a 15-minute walk away and offers links to East Croydon, Clapham Junction, London Bridge, London Victoria and Gatwick Airport.
- Tramlink also offer tram service to routes through central Croydon from Wimbledon, Beckenham, Elmers End and New Addington.
- For outdoor activities Lloyd Park, Croham Woods and Croham Hurst Golf Course are all nearby and a further 2miles south Purley Way offers more retail outlets, gyms and a leisure park.
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
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 40%, full price £225,000, £9,000 Min Deposit. Calculated using a representative rate of 4.64%
