£84,000

This bright and modern one bedroom apartment is now available in Croydon through Shared Ownership.

The property on the third floor comprises an entrance hallway, an open-plan living room and kitchen with a dining area, a storage room, one bedroom and a bathroom. Perfect for singles or couples.

Outside, the property also benefits from a private balcony, secure cycle parking store and access to communal parking.

So Resi are marketing this property for sale on behalf of the landlord, ReSi Housing Limited.

All enquiries will be initially assessed by So Resi to confirm eligibility. Should you wish to proceed with the purchase, you will be required to complete an affordability assessment.

Information on the criteria and requirements for shared ownership can be found here:

Shared Ownership Eligibility Criteria

For the purposes of processing and progressing your application, your personal data may be shared with ReSi Housing Limited and the existing shared owner in accordance with our Privacy Policy.

If you would like a copy of our Privacy Policy, please refer to SO Resi Privacy Policy or contact us directly.

Available for £84,000 for 30% share based on the marketing figure of £280,000.

Monthly rent - £685.71
Monthly Service Charge - £164.51
Total Monthly Charge - £850.22 plus mortgage required for 30% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

The property is set within a mainly residential area, offering convenient access to local amenities and excellent transport links.

Several bus stops are located just a 1-3 minute walk away, providing easy connections to Croydon and surrounding areas. Thornton Heath Station is approximately a 7 minute walk from the property, offering regular Southern services into Central London, including direct routes to London Victoria and London Bridge.

For everyday shopping, a large supermarket can be reached within an 8 minute walk or a 3 minute drive. The local high street is around an 11 minute walk away, offering a variety of shops, cafés, and essential services, along with a nearby leisure centre.

Croydon town centre is also easily accessible, just a 10 minute drive or a short bus journey. It provides a wide range of retail outlets, restaurants, and entertainment options, including BOXPARK Croydon.

In addition, East Croydon Station serves as a key transport hub, with bus, and National Rail connections, including Thameslink and Southern services. This makes commuting into Central London, as well as travel to Gatwick Airport and beyond, straightforward.

Energy rating band - B

Environmental impact band - B

Years remaining on lease: 993

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.

How 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.