Share Price £116,000 (from 40% Min. Share)

Full Value £290,000 | £5,800 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Croydon

place Halstead Close, CR0 1TZ

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Optivo Resales

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Optivo are delighted to offer for sale this well presented 2 bed flat in Croydon


Eligibility

Eligibility

You may be eligible for this property if:

You have a gross household income of no more than £90,000 per annum when eligible to purchase.
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.

Priority will be given to applicants living and working in the area.


Description

The current market value is £290,000.00 for 100%. The minimum 40% share available is priced at £116,000.00, current rent payable £332.66 pcm, rent is subject to annual reviews. Service charges are currently £95.00 pcm.

Viewings by appointment only. Please contact the vendor to arrange –

Felicia

Tel 07578447740

Email: eaboats12@gmail.com

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to Danielle.head@optivo.org.uk or call 020 803 62838

Application forms need to be returned to Optivo by 22 August 2019

Please note though that if a high volume of applications is received, the deadline might be brought forward.

Local information

Residential Street in area of commercial and residential properties close to Croydon shopping Centre and Surrey Street Market. Easy access to transport links (Overground, Tram, Buses, British Rail) and restaurants.


Key Features

Full market value
£290,000.00
Share available and price
40% £116,000
Current rent payable
£332.66
Monthly service charge
£95.00
Lease


165 years remaining (with lease extension)
EPC
C80

Features

The property has the following accommodation:-

Living room 4.64m x 3.30m

Kitchen 2.50m x 3.16m

Bathroom/WC 2.01m x 2.06m

Bedroom1 3.25m x 4.41m

Bedroom2 2.71m x 3.50m

Gross Internal floor area

63Sqm

Allocated parking space


Download Documents

Property brochure 1

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 116,000
Min. £116,000
Share percentage
Min. 40%
Your deposit
Min. £5,800
Monthly cost*
£988
Cost breakdown
£333
Rent
£95
Service charge
£560
Mortgage*
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Optivo Resales

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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.