1 bedroom apartment for sale
8 Leaden Hill, Coulsdon, CR5 2BZ
Share percentage 30%, full price £290,000, £4,350 Min Deposit.
Share percentage 30%, full price £290,000, £4,350 Min Deposit.
Monthly Cost: £1,235
Rent £546,
Service charge £204,
Mortgage £485*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Eligibility
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 30% minimum share you will need a minimum joint household income of £26,143 and available savings of £4,485 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 1 bed one bath flat in Coulsdon.
Description
Visitors parking available on the main high street - 1 hr free (pay and display)
Communal garden
Lease Term: 125 years from commencement date 10th April 2015
EPC Rating: B - 87
Council: Croydon
Council tax band: C
Total floor area – 56
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales [email protected] for the vendors details.
*Please note the successful applicant will be required to pay a £300 non-refundable reservation fee once offered the property.
Key Features
Coulsdon Town station - directly opposite 8 Leaden Hill - fast into Purley, East Croydon,
London Bridge
Coulsdon South Station - 10 min walk from 8 Leaden Hill - fast into Gatwick Airport, Victoria,
London Bridge
Several highly rated schools within close proximity of the building
Underground parking (1 space for resident / occupier)
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail [email protected] for the vendors details.
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Map
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 £290,000, £4,350 Min Deposit. Calculated using a representative rate of 5.03%
