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£110,000
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.
SHARED OWNERSHIP EXPLAINED EVENT AT CRESCENT GARDENS HELD ON SATURDAY 28TH JUNE. RESERVATIONS PLACED ON THE DAY, WILL RECEIVE UP TO £500 TOWARDS BROKER FEE!
From a little as £5,500 deposit, this amazing two bedroom apartment could be your next home.
Located on the 3rd floor and circa 678sqft of living accommodation. which has been designed for modern living. Excellent open plan living spaces which have been carefully planned to maximise space opening out onto your very own private balcony. Stylish modern kitchen with a range of wall and base units and integrated appliances. Elegant bathroom suite and comfortable bedrooms space. This apartment has a long 990 year lease, ample storage space and is located very close to East Croydon railway station and Croydon tram link.
Crescent Gardens is a brand new development of high quality shared ownership apartment located in the heart of East Croydon and a stone’s throw away from East Croydon railway station provided frequent and speedy rail service to several Central London stations, Gatwick airport, via the Gatwick express and the South Coast. It’s also close to the beautiful countryside of Surrey and Kent making it the perfect place to put down roots in a home of your own.
Croydon is a highly sort after location due to its excellent shopping facilities, vibrant nightlife, its array of local restaurants and eateries and unrivalled transport facilities.
Why rent when you could buy:
If you compare the average rent in your area with the monthly cost of a shared ownership home you could be pleasantly surprised.
Financial Breakdown:
Full market value: £440,000
25% share value: £110,000
5% deposit: £5,500
Monthly Rent on un-owned share (25%) £756.25
Estimated Monthly Service Charge: £181.84
What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
*Please note images used in this listing are for illustration purposes and are not exact to the property.
** Subject to plot and status
**** Dependent on terms and availability
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Countrywide Shared Ownership - London & Essex
