1 bedroom apartment for sale
***UNDER OFFER*** 3 Sycamore Grove, SE20 8BS
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Share percentage 50%, full price £260,000, £6,500 Min Deposit
Monthly Cost: £950
Rent £169,
Service charge £57,
Mortgage £724*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
The apartment is located on the ground floor and is located within a purpose-built block of flats set over 3 storeys (including the ground floor).
Description
Accommodation
Ground Floor: Canopy Porch, Entrance Hall, Kitchen/ Living Room (Open Plan), Bedroom and a Bathroom/WC.
Improvements:
1. New Kitchen
2. New bathroom
3. Replaced carpet with laminate flooring
External: Front lawned garden with lockable gate. Allocated parking space less than 100m from the property.
Location
This property is positioned in a residential area, within walking distance of local train stations.
Vendor Information
- Within 10 mins walk of 2 Overground & National Rail Stations
- Near Crystal Palace Triangle shopping district containing an Everyman Cinema, independent shops, restaurants & bars
- Within a 5 minute walk of the historic Crystal Palace Park
- On a quiet cul-de-sac, with one assigned parking space
- Fenced private garden with shed
- Private front door with porch
- Double glazed windows
- Integrated electric cooker
- 2 Storage cupboards and walk-in closet just off the bedroom
Key Features
Purchase Information
For Sale is a 50% share of the property for £130,000.00 with an additional monthly charge of £225.93 which includes Rent, Service Charge and Insurance.
Additional Information
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
The Full Market Value of £260,000.00 does not consider the extensive improvements that have been undertaken in this property.
Therefore, the 50% share of £130,000.00 has an additional £20,000.00 to be added to cover the improvement value bringing the total payment required to £150,000.00.
Please take this into account with your finances as Mortgage Lenders will only loan on the market share valuation and not consider the improvements value. You will therefore require a large deposit of £20,000.00 plus any that your lender requires.
Rent review information:
This property will be reviewed in September 2025. The Rent Review charges are not yet available, it cannot be confirmed or denied if the charges will change.
Particulars
Tenure: Not specified
Council Tax Band: B
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Front Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 50%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 5.03%
