2 bedroom apartment for sale
Ellis Road, Coulsdon, CR5 1BP
Share percentage 40%, full price £395,000, £7,900 Min Deposit.
Share percentage 40%, full price £395,000, £7,900 Min Deposit
Monthly Cost: £1,571
Rent £586,
Service charge £127,
Mortgage £858*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Coulsdon, Surrey
Description
This bright, charming two bedroom apartment is now available in Coulsdon through Shared Ownership.
The property on the ground floor comprises an entrance hall, a modern kitchen with a dining area and a WC. On the first floor, there is a living room, two bedrooms and a bathroom.
Outside, there is a private balcony, communal garden and unallocated parking. Perfect for couples and small families.
Available for £158,000 for 40% share based on the marketing figure of £395,000.
Monthly rent - £586.45
Monthly Service Charge - £127.15
Total Monthly Charge - £713.60 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area and is close to Coulsdon's town centre, about two miles away; there's also a closer high street called Coulsdon Road less than a mile away.
In Coulsdon, there are plenty of amenities and two railway stations.
The property is also surrounded by green areas, such as the vast Happy Valley, Farthing Downs, and Couldsdon Common.
There are also several schools in the area, many of which are within walking distance.
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 informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
Key Features
- Two bedroom apartment
- Modern kitchen
- Private balcony
- Unallocated parking
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 994 years
Council Tax Band: Not specified
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: 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 40%, full price £395,000, £7,900 Min Deposit. Calculated using a representative rate of 4.78%
