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£162,000
One bedroom top floor apartment
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value - £360,000
You pay (45%) - £162,000
Monthly rent - £599.22
Service charge - £155.07
Ground rent payable - NIL
Council Tax band- D
990 year lease commenced in January 2007 (971 years remaining)
This bright and spacious apartment is located on the top floor of a converted Victorian terrce, with all rooms opening from a central hallway. The dual aspect reception room and kitchen /diner both face the south east. The modern kitchen includes an integrated oven, hob and extractor and there is plenty of room for white goods as well as a table and chairs. The two double bedrooms are north west facing and each have access to eaves storage. A family bathroom completes the accommodation.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Norwood Junction Station offers direct services into London Victoria (Victoria and District & Circle Line), London Bridge (for Northern & Jubilee Line) and London Blackfriars (for District & Circle Line). The London Overground service also provides direct links to Shoreditch High Street. You can also get direct Thameslink trains to Gatwick and Luton.
A diverse selection of popular local amenities on both the High Street and Portland Road are nearby. The Crystal Palace Triangle is only a short bus journey away, offering a wide range of well-regarded independent shops, gastro pubs, restaurants, and an Everyman Cinema.
South Norwood Country Park and South Norwood Lakes are a short stroll away providing an expansive, scenic and peaceful place to exercise, wander and relax.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £55,522. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our website lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at December 2025.
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