1 bedroom apartment for sale
Traders Quarters, Overton's Yard, CR0 1SL
Share percentage 35%, full price £215,000, £7,525 Min Deposit.
Share percentage 35%, full price £215,000, £7,525 Min Deposit
Monthly Cost: £1,124
Rent £461,
Service charge £283,
Mortgage £380*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Long lease, private terrace, well presented.
Description
SHARED OWNERSHIP
Full market value - £215,000
You pay (35%) - £75,250
Monthly Rent - £461.22
Monthly Service Charge - £283.16
Annual Ground Rent - NIL
999 year lease commenced in January 2006 - 980 years remaining)
EWS1 - New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
Traders Quarters is situated in the heart of Croydon's historic old town close to Surrey Street market. East and West Croydon stations are within short walk together with trams in. There's also easy access to the two shopping centres, the cinema, BoxPark and the many independent shops and cafés of Croydon.
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 £42,453. 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 website lqhomes.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 of August 2024.
Key Features
- Living area open plan to kitchen with doors to private terrace
- Modern kitchen featuring integrated appliances
- Bright and airy double bedroom with fitted wardrobe
- Private terrace
- Secure bike store
- Long lease - Over 980 years remaining
Particulars
Tenure: Leasehold
Lease Length: 980 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 35%, full price £215,000, £7,525 Min Deposit. Calculated using a representative rate of 4.59%
