2 bedroom apartment for sale
Auckland Rise, Croydon, SE19 2EA
Share percentage 25%, full price £480,000, £6,000 Min Deposit.
Share percentage 25%, full price £480,000, £6,000 Min Deposit
Monthly Cost: £1,797
Rent £965,
Service charge £180,
Mortgage £652*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Croydon, London
Description
This bright, modern two-bedroom apartment is now available in South East London through Shared Ownership.
The property on the second floor comprises an entrance hall with storage cupboards, a spacious living room with an open plan kitchen, two good sized bedrooms (one en-suite) and a bathroom.
Outside, there is a private balcony. Perfect for couples and small families.
Available for £120,000 for 25% share based on the marketing figure of £480,000.
Monthly rent - £965.08
Monthly Service Charge - £179.67
Total Monthly Charge - £1,144.75 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLiving in Auckland Rise, offers a unique mix of city life and peaceful surroundings. The area is known for its beautiful homes and friendly neighbourhoods, making it a great place for families and individuals. There are many parks nearby where kids can play and adults can enjoy nature.
Local shops and cafes are not far from this property. Public transport is easily accessible, allowing people to travel to central London quickly for work or fun.
Overall, Auckland Rise is a lovely place to live, blending the excitement of city life with a warm, welcoming atmosphere that feels like home.
EPC ratingEnergy rating band - B
Environmental rating band - B
Lease informationYears remaining on lease: 994
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationThis property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.
Key Features
- Two bedroom apartment
- Modern kitchen
- En-suite
- Private balcony
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 994 years
Council Tax Band: Not specified
Property Downloads
Key Information Document 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: n/a
Outside Space/Garden: n/a
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 25%, full price £480,000, £6,000 Min Deposit. Calculated using a representative rate of 4.78%
