2 bedroom apartment for sale

Available

Balmoral House, 1 Hadleigh Grove, Croydon, CR5 1DQ

£137,250 · Shared Ownership Resale

Share percentage 45%, full price £305,000, £13,725 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£137,250 Shared Ownership Resale

Share percentage 45%, full price £305,000, £13,725 Min Deposit.

Monthly Cost: £1,218
Rent £410, Service charge £112, Mortgage £696*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership Basis

Description

This beautifully-presented flat is on the ground floor and features a reception room with large, south-west-facing window plus a small side window. The two bedrooms are also dual-aspect, both are comfortable doubles and one includes a fitted wardrobe. There is an attractive and spacious kitchen and a stylish bathroom. Modern insulation standards, gas central heating and high performance glazing make for a good energy-efficiency rating. The flat comes with use of a parking space with easy access to M25 or, alternatively, Coulsdon South Station (20 mins to London Bridge) is just moments away and Coulsdon Town Station is also within comfortable walking distance. The property is situated within walking distance to shops, schools and other local amenities. The property benefits from having access to Marlpit park across the road which features a cafe, and Farthing Downs nature reserve close by.

SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £305,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/mr47n45s]

(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 01/02/2013).
Minimum Share: 45% (£137,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £409.66 per month (subject to annual review).
Service Charge: £112.46 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £40,100 | Single - £46,300(based on minimum share and 10% deposit).
Council Tax: Band C, 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).

Key Features
  • Guideline Minimum Deposit £13,725
  • Guide Min Income Dual £40.1k | Single £46.3k
  • Ground Floor
  • Approx. 724 Sqft Gross Internal Area
  • Kitchen Separate from Reception Room
  • Modern Double Glazing and Gas Central Heating
  • Parking Space
  • Very Close to Coulsdon South Station
Particulars

Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Map
Coulsdon South (0.11 miles) Smitham (0.51 miles) Woodmansterne (0.85 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£137,250
Shared Ownership Resale
Estimated Monthly Cost:£1,218
Rent £410
Service Charge £112
Mortgage £696

Share percentage 45%, full price £305,000, £13,725 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.