1 bedroom apartment for sale
315 High Street, BR6 0NN
Share percentage 25%, full price £265,000, £6,625 Min Deposit.
Share percentage 25%, full price £265,000, £6,625 Min Deposit.
Monthly Cost: £1,144
Rent £512,
Service charge £298,
Mortgage £334*
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 fourth floor, one-bedroom apartment in Kent.
Description
The property comprises a communal/wheelchair accessible entrance, entry system, lift access,
kitchen with standalone appliances, dining/living area, one bedroom, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from a balcony and access to a courtyard.
Lease: Commenced 2015 with 125-year term
Council Tax Band: Bromley Council - C
Approx. Gross Internal Area: 543sq.ft.
FINANCIAL INFORMATION
Property Value = £265,000
Percentage Share = 25%
Share Price = £66,250
*Monthly Rent = £512.39
*Monthly Service Charge = £298.10
*Please note the rent and service charge is reviewed annually 01 April.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes, and may be required to carry out a shared ownership affordability assessment.
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
- Situated in vibrant and convenient area of Orpington in South-East London.
- Easy access to local amenities along with excellent travel connections to central London within walking distance. Located above the Village Hall on the High Street, extremely close proximity to all shops, local schools, bus routes and Orpington mainline station.
- Orpington town centre is undergoing major redevelopment and now boasts a recently opened 7-screen multiplex cinema, new bistros and restaurants alongside a bustling High Street with lots of well known, popular stores.
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Property Downloads
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 £265,000, £6,625 Min Deposit. Calculated using a representative rate of 4.59%
