1 bedroom apartment for sale
8 Leaden Hill, Coulsdon, CR5 2BZ
Share percentage 30%, full price £299,000, £4,485 Min Deposit.
Share percentage 30%, full price £299,000, £4,485 Min Deposit.
Monthly Cost: £1,261
Rent £546,
Service charge £204,
Mortgage £511*
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 £26,143 and available savings of £4,485 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 1 bed one bath flat in Coulsdon.
Description
Visitors parking available on the main high street - 1 hr free (pay and display)
Communal garden
Lease Term: 125 years from commencement date 10th April 2015
EPC Rating: B - 87
Council: Croydon
Council tax band: C
Total floor area – 56
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales Sales.services2@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 15/05/2024.
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
Coulsdon Town station - directly opposite 8 Leaden Hill - fast into Purley, East Croydon,
London Bridge
Coulsdon South Station - 10 min walk from 8 Leaden Hill - fast into Gatwick Airport, Victoria,
London Bridge
Several highly rated schools within close proximity of the building
Underground parking (1 space for resident / occupier)
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail Sales.services2@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 Sales.services2@southernhousing.org.uk .
Application forms need to be returned to Southern housing by 15th May 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: 117 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 £299,000, £4,485 Min Deposit. Calculated using a representative rate of 5.26%
