1 bedroom apartment for sale
Henry House, Ringers Road, BR1 1AA
Share percentage 25%, full price £300,000, £7,500 Min Deposit.
Share percentage 25%, full price £300,000, £7,500 Min Deposit.
Monthly Cost: £1,327
Rent £744,
Service charge £204,
Mortgage £379*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- 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.
Summary
Available through our resale shared ownership scheme, a 10th floor (top), one-bedroom apartment situated in Kent.
Description
Property description:
The property comprises a communal entrance with lift access, entry system, open plan kitchen and living area, kitchen with standalone appliances, private/wrap around balcony, one bedroom, family bathroom with shower over bath and two spacious hallway cupboards.
The property also benefits from access to a communal garden.
Lease: Commenced 2016 with 125-year term
Council Tax Band: Bromley Council - C
Gross Internal Area: 548.959sq.ft.
FINANCIAL INFORMATION
Property Value = £300,000
Percentage Share = 25%
Share Price = £75,000
*Monthly Rent = £744.12
*Monthly Service Charge = £204.33
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
LOCAL AREA INFORMATION
· This property has excellent transportation links. Bromley South Station is under 5 minutes away and is served by both Thameslink and Southeastern, linking you to Central London in under half an hour. In addition, there are various bus stops on your doorstep, serving areas such as West Croydon and Eltham.
· The Glades Shopping Centre is a stone's throw away and has an extensive range of well-known brands available. Furthermore, High Street has a diverse range of shops, restaurants, cafes, and takeaways. Local amenities also include a bank, pharmacy, gym, and post office.
· This property also benefits from a range of Ofsted: Good rated Infant and Primary schools located nearby. Around the corner, Bromley Park is excellent for play, dog walking, and relaxation.
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 £300,000, £7,500 Min Deposit. Calculated using a representative rate of 4.59%
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