2 bedroom apartment for sale
Ellis Road, Coulsdon, CR5 1BP
Share percentage 40%, full price £390,000, £7,800 Min Deposit.
Share percentage 40%, full price £390,000, £7,800 Min Deposit.
Monthly Cost: £1,610
Rent £586,
Service charge £155,
Mortgage £869*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Coulsdon, Surrey
Description
Modern, bright & spacious two-bedroom apartment now available in Coulsdon, South London, through Shared Ownership.
The property comprises a dining room and a kitchen on the ground floor, a living room on the first floor with access to a private patio, and two large bedrooms. This could be ideal for a small family or a couple.
The flat is part of a newly built construction (circa 2023); communal parking space is available.
Key Information Document
Available for £156,000 for 40% share based on the marketing figure of £390,000.
Monthly rent - £586.45
Monthly Service Charge - £155.14
Total Monthly Charge - £741.59 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area and is close to Coulsdon's town centre, about two miles away; there's also a closer high street called Coulsdon Road less than a mile away.
In Coulsdon, there are plenty of amenities and two railway stations.
The property is also surrounded by green areas, such as the vast Happy Valley, Farthing Downs, and Couldsdon Common.
There are also several schools in the area, many of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - A
Years remaining on lease: 996
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Ground floor
- Private patio
- Modern building (2023)
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 40%, full price £390,000, £7,800 Min Deposit. Calculated using a representative rate of 5.03%
