2 bedroom apartment for sale
Longitude Apartments, 7 Addiscombe Grove, CR0 5BS
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Monthly Cost: £1,449
Rent £494,
Service charge £468,
Mortgage £487*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 25% minimum share you will need a minimum joint household income of £48489 and available savings of £4375 for a 5% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this immaculate 2 bedroom 1st Floor Apartment located in the heart of south London
Description
Fantastic two bed apartment located in Southeast London.
This well-presented property comprises of an open plan kitchen/reception room with an attached private balcony. There are two generously sized bedrooms, family sized bathroom & double glazing throughout.
Residents will also benefit from secured access video intercom & residential lift.
Due to the anticipated high demand for this property, viewing asap is strongly advised.
Lease Term: 99 years from 1st July 2009 (price of lease extension is likely to be between £4000 and £6000 plus costs)
EPC Rating: TBC
Council: Croydon
Council tax band:D
Floor size: 71sqm
Entrance Hall
Storage Cupboard:
Bedroom One: 2.68 x 4.59
Bathroom: Bath, Basin & WC
Bedroom Two: 3.30 x 4.60 max
Open Plan Kitchen/
Living Room: 5.00 max x 5.77 max
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail [email protected] or [email protected] for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing asap
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
For more information please visit https://www.optivo.org.uk/sales
Key Features
This property is a short walking distance to shops, local amenities and a large range of transport links to take you to Gatwick or London within 45 minutes.
This property also fall under the catchment area for Ofsted rated outstanding schools.
NEAREST STATIONS
East Croydon Station
0.1 miles
Lebanon Road Tram Stop
0.2 miles
Wellesley Road Tram Stop
0.3 miles
NEAREST SCHOOLS
Ark Oval Primary Academy
State School
Ofsted: Good
0.2 miles
Park Hill Infant School
State School
Ofsted: Outstanding
0.2 miles
Park Hill Junior School
State School
Ofsted: Good
0.3 miles
Al-Khair Secondary Girls
Independent School
Ofsted: Good
0.3 miles
Particulars
Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: D
Property Downloads
BrochureMap
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 25%, full price £350,000, £4,375 Min Deposit. Calculated using a representative rate of 5.03%
