2 bedroom apartment for sale
Cambridge Court, Croydon Road, SM6 7LQ
Share percentage 30%, full price £390,000, £5,850 Min Deposit.
Share percentage 30%, full price £390,000, £5,850 Min Deposit.
Monthly Cost: £1,498
Rent £695,
Service charge £151,
Mortgage £652*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Sutton, Greater London
Description
A beautifully presented, modern two-bedroom apartment in Sutton is available for Shared Ownership. This first-floor apartment comprises two spacious bedrooms, one bedroom has an en-suite shower bathroom and a built-in wardrobe, and a spacious, bright open-plan living space with a large balcony. There is also a main bathroom with a bathtub and shower over the bath. The apartment also benefits from a parking space and well-kept communal grounds.
KID Document
Available for £117,000 for 30% share based on the marketing figure of £390,000.
Monthly rent - £695.33
Monthly Service Charge - £150.53
Total Monthly Charge - £845.86 plus mortgage required for 30% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 122
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.
EPC ratingEnergy rating band - B
Environmental impact band - B
Key Features
- Two bedrooms
- First floor
- Private balcony
- Parking
- En-suite shower room
- Close to Beddington Park
- Walking distance to Wallington station
- Available for 30% share
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 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 30%, full price £390,000, £5,850 Min Deposit. Calculated using a representative rate of 5.03%
