1 bedroom apartment for sale
City House, 420 London Road, CR0 2NS
Share percentage 25%, full price £210,000, £5,250 Min Deposit.
Share percentage 25%, full price £210,000, £5,250 Min Deposit.
Monthly Cost: £880
Rent £361,
Service charge £274,
Mortgage £245*
Calculated using a representative rate of 3.82%
Calculate estimated monthly costs
Summary
L&Q welcome you to view this one bedroom, second floor apartment.
Description
SHARED OWNERSHIP
Full Market Value £210,000
Share Value (25%) £52,500
Monthly Rent £360.48
Service Charge £273.71
99 year lease commenced January 2009 - 85 Years Remaining
EWS1 –EWS1 certification status for this property is the responsibility of a third party and is currently unknown. More information on EWS1 certificates can be found on the LQ Group website by searching “EWS1”
The apartment is situated in a popular block withinclose proximity to amenities and the newly developed Boxpark with a wide variety of bars and restaurants, while there is also a good range of parks and schools nearby. The mainline station, West Croydon, which is minutes away and can have you in London Bridge in under 20 minutes.
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 £33,061. 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 websitelqhomes.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 May 2022.
Key Features
- Lounge, diner open plan to kitchen, floor to ceiling window providing plenty of light.
- Kitchen fitted with beech effect wall and base units and black marble effect worktop. Integrated oven/hob and extractor fan with spaces for fridge/freezer and washing machine.
- One double bedroom.
- Bathroom fitted with a white suite, shower over bath and glass shower screen.
- Storage cupboard to hallway.
- Communal heating/ hot water system.
- Double glazing.
- Secure entry phone system.
- Communal garden including bicycle store.
- Allocated parking space.
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 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.
Share percentage 25%, full price £210,000, £5,250 Min Deposit. Calculated using a representative rate of 3.82%
