3 bedroom apartment for sale
Addiscombe Oaks - Plot C1-17 SO, Addiscombe Road, CR0 5DW
Share percentage 25%, full price £490,000, £6,125 Min Deposit.
Share percentage 25%, full price £490,000, £6,125 Min Deposit.
Monthly Cost: £1,740
Rent £766,
Service charge £276,
Mortgage £698*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Spacious 3 bedroom apartment with two private balconies. Plus reserve a new L&Q home between the 1st – 31st July to receive an Ikea voucher worth up to £4,000*. T&C Apply!
Description
Reserve a new L&Q home between the 1st - 31st July to receive an Ikea voucher worth up to £4,000 on 2 & 3 bedroom homes.*
Plot C1-17
3 bedrooms 2nd floor apartment offering 88.1 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our show home.
Full Market Value: £490,000
Shared Value (25%): £122,500
Minimum deposit: £6,125
Required income: £59,500
Rent PCM: £766
Service Charge PCM: £275.64
Council tax band: TBC
Viewings now available by appointment only. Register your interest to find out more.
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
Addiscombe Oaks
With convenience at its core, Addiscombe Oaks brings to the market high-quality homes located in one of Croydon's most popular hotspots. Ideal for first-time buyers, Addiscombe Oaks positions you perfectly for easy access into a vibrant and exciting neighbourhood. With BOXPARK Croydon, the Whitgift Shopping Centre, and the Surrey Street Market on your doorstep, there's something for everyone.
Contact a member of our sales team today to find out more or book a viewing!
*Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. For full terms and conditions visit lqhomes.com/terms-and-conditions. July 2024.
Key Features
- Modern open plan living area
- En-suite to bedroom 1
- 2 private balconies
- 3 year free Zipclub membership and £60 driving credit
- Close to East Croydon Station, for quick links into London Bridge, Brighton and Gatwick Airport
- Multiple transport connections including Thameslink, National Rail, Overground and Tramlink, all in London zone 5
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
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 £490,000, £6,125 Min Deposit. Calculated using a representative rate of 5.26%
