1 bedroom apartment for sale
Tennyson Apartments, 1 Saffron Central Square, Croydon, CR0 2FW
Share percentage 25%, full price £245,000, £6,125 Min Deposit.
Share percentage 25%, full price £245,000, £6,125 Min Deposit.
Monthly Cost: £1,224
Rent £513,
Service charge £402,
Mortgage £309*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A modern one-bedroom apartment on the third floor of a large development which provides residents with an excellent range of facilities including twenty-four-hour concierge service and security, on-site gym, secure cycle storage and a communal roof terrace. The property features full-height windows, an open-plan kitchen/reception room and a spacious bedroom with matching corner units. The Tennyson Apartments have been built to high insulation standards with an energy-efficient communal system supplying the hot water and underfloor heating. West Croydon Station is just minutes away and East Croydon Station is within easy reach offering services to London Bridge, Victoria, Brighton and Gatwick Airport along with many other destinations. Box Park, The Whitgift and Centrale Shopping Centres are nearby and, for added convenience, there is also a Tesco Express on the ground floor of the building.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £245,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/33J6gni]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2014).
Minimum Share: 25% (£61,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £512.93 per month (subject to annual review).
Service Charge: £401.78 per month (subject to annual review).
Ground Rent: £250.00 per year.
Guideline Minimum Income: Dual - £39,600 | Single - £44,400 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Croydon. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £6,125
- Guide Min Income - Dual £39.6k Single £44.4k
- Third Floor (building has a lift)
- Approx. 502 Sqft Gross Internal Area
- Open-Plan Reception/Kitchen
- Communal (underfloor) Heating and Hot Water
- Shopping Centres Nearby
- Short Walk from West/East Croydon Stations
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan 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 £245,000, £6,125 Min Deposit. Calculated using a representative rate of 4.59%