2 bedroom apartment for sale
Kendal Court, Godstone Road, CR8 5GE
Share percentage 30%, full price £275,000, £4,125 Min Deposit.
Share percentage 30%, full price £275,000, £4,125 Min Deposit.
Monthly Cost: £1,302
Rent £567,
Service charge £265,
Mortgage £470*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Eligibility
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 £27,016 and available savings of £4,125 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 2 bed one bath flat in Kenley.
Description
30% Shared Ownership
Two big Double Bedroom Top Floor Flat
90m floor plan
Larger Than Average Accommodation
Huge Lounge/Diner
Long Lease
Spacious Separate Modern Kitchen
Plenty Of Storage
Southerly Well Maintained Communal Garden
Allocated Parking
This well presented and larger than average flat is an ideal purchase for buyers or investors
and comprises a large hallway with plenty of storage, a huge lounge, family bathroom and
two large double bedrooms.
The property benefits from a separate modern kitchen with a comprehensive range of base
and wall cupboard and drawer units with a complementary work surface, built in oven and
hob and space for further appliances.
The modern family bathroom has a three piece suite with a shower over the bath. The
property further benefits from a long lease, a secure entry phone system, allocated parking
and a well maintained southerly facing communal garden which offers plenty of space to
relax in plus a seating area. Internal viewing is highly recommended to appreciate the size of
the accommodation on offer.
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via 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 19/04/2024.
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
Opportunity to purchase 30% of this property which is situated in a very convenient location in close proximity to transport links and local amenities is this very bright and very spacious two double bedroom, top floor flat.
The property is in the catchment area for several local schools for all ages within the vicinity;
including Harris Academy, The Hayes School and Riddlesdown Collegiate.
There are a small selection of shops in the Kenley Parade however for a more
comprehensive selection, Purley Town is just over a mile away. There are plenty of local
open green spaces, such as Riddlesdown and Kenley Commons and Kenley Aerodrome.
Kenley Station is a short distance away providing access to both London Bridge and Victoria
Station and Blackfriars via Purley Station using Thames Link plus the 407 bus route to
Croydon/Caterham which passes the flat. The M25 is a short distance away providing
access to both Gatwick and Heathrow airports plus the motorway network
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 19th April 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: 177 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 £275,000, £4,125 Min Deposit. Calculated using a representative rate of 5.26%
