Share percentage 50%, full price £300,000, £7,500 Min Deposit
Monthly Cost: £1,508
Rent £448,
Service charge £224,
Mortgage £836*
Calculated using a representative rate of 5.03%
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
2 Bedroom 1st Floor Flat with Balcony and allocated parking
Description
Bright and spacious 2-Bedroom 1st Floor Flat offering comfort and convenience. Enjoy a generous open-plan kitchen, dining and sitting area, perfect for modern living. Benefit from ample storage in the hallway and a well-appointed family bathroom. The property also benefits from a secure bike shed.
Rent: £448.21 pcm
Service Charges: £223.54 pcm
Lease Term: 189 Years from 1st April 2007
Council Tax Band: C
Local Area:
The property is situated near transport links including Anerley, Crystal Palace and Norwood Junction
Penge is an area that benefits from a number of amazing local parks such as Betts Park, Crystal Palace Park and Cator Park only moments away from your new home. Located less than a 5 minute drive away from your property you'll find a large Aldi, just further up the road there is also a Sainsbury's ensuring that all of your grocery needs are met. Crystal Palace Park Road (A234), home to a number of high street businesses such as Specsavers, Pharmacies, Banks and More ensuring to cater for almost all needs.
Key Features
2 Bedrooms
Balcony
Secure Bike Shed
Allocated Parking Space
Long Lease
Close to amenities and public transport
Particulars
Tenure: Leasehold
Lease Length: 171 years
Council Tax Band: C
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Off Street
Outside Space/Garden: Yes - Private Balcony
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 £300,000, £7,500 Min Deposit. Calculated using a representative rate of 5.03%
