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2 bedroom apartment for sale

Available

Yardmaster House, 11 Cross Road, CR0 6FB

£120,000 · Shared Ownership Resale

Share percentage 30%, full price £400,000, £12,000 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£120,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £400,000, £12,000 Min Deposit.

Monthly Cost: £1,506
Rent £685, Service charge £212, Mortgage £609*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Summary

Stunning 2-bedroom flat with lift access, private balcony and integrated appliances is available in Croydon

Description
Property reference number: 1639326
 
This is a stunning, 2-bedroom, 4th floor apartment with a private balcony and lift access in Croydon. The time remaining on the lease is 117 years.
 
Croydon is a vibrant and dynamic place with lots of shops, local eateries and bars as well as the famous Boxpark within proximity which has a range of eateries and lots of events from big screen football screenings to music, spoken word, painting, kids events and more. It also has batting cages and axe throwing for the more adventurous!
 
Coombe Woods Gardens, Selsdon Woods and Nature reserve are less than a 20minute drive. London Bridge and Gatwick are 20 minutes away while Clapham Junction in 15, Brighton in 45, Kings Cross in 30. If you have a car, the M25 is easily accessible and is only 35 minutes away, opening the door for further exploration.
  • Nearest Railway Station: East Croydon and Morden stations
  • Bus Routes Nearby: 410, 289, 197, 312, 64, 198

The property located on the 4th floor comprises:

  •  Integrated appliances 
  • Lots of natural light through floor-to-ceiling windows
  • Open plan kitchen
  • Private balcony
  • Secure cycle storage
  • Communal gardens
  • Lift access

What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody.
 
If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.

What is Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.


Financial information

  • Tenure: Leasehold
  • Remaining Lease Term: 117 Years
  • Annual ground rent amount: £300
  • Ground rent review period: Annually
  • Annual service charge amount: £2,542.68
  • Service charge review period: 1st April annually
  • Council tax band: Band D
*Financial information is correct as of 6/6/24
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Floor Plan Energy Certificate
Map
East Croydon (0.23 miles) West Croydon (0.48 miles) Selhurst (0.92 miles)
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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.

£120,000
Shared Ownership Resale
Estimated Monthly Cost:£1,506
Rent £685
Service Charge £212
Mortgage £609

Share percentage 30%, full price £400,000, £12,000 Min Deposit. Calculated using a representative rate of 4.64%

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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.