2 bedroom apartment for sale
38 Cherry Orchard Road, CR0 6BE
Share percentage 25%, full price £492,500, £6,156 Min Deposit.
Share percentage 25%, full price £492,500, £6,156 Min Deposit.
Monthly Cost: £1,744
Rent £846,
Service charge £212,
Mortgage £686*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
You have a gross household income of no more than £90,000 per annum.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Third floor apartment with private balcony , tastefully finished ready for you to add your touches to call it home
Description
Up to £6,000 Deposit Boost when you reserve at Crescent Gardens** Terms & Conditions apply please speak to sales consultant for further details
From a little as £6,156 deposit *** this amazing two bedroom apartment could be your next home.
Located on the 3rd floor and circa 678sqft of living accommodation. which has been designed for modern living.
Excellent open plan living spaces which have been carefully planned to maximise space opening out onto your very own private balcony. Stylish modern kitchen with integrated appliances, elegant bathroom suite and comfortable bedrooms space. This apartment has a long 990 year lease, ample storage space and is located very close to East Croydon railway station and Croydon tram link.
Crescent Gardens is a brand new development of high quality shared ownership apartment located in the heart of East Croydon and a stone’s throw away from East Croydon railway station provided frequent and speedy rail service to several Central London stations, Gatwick airport, via the Gatwick express and the South Coast. It’s also close to the beautiful countryside of Surrey and Kent making it the perfect place to put down roots in a home of your own.
Croydon is a highly sort after location due to its excellent shopping facilities, vibrant nightlife, its array of local restaurants and eateries and unrivalled transport facilities.
Why rent when you could buy:
If you compare the average rent in your area with the monthly cost of a shared ownership home you could be pleasantly surprised.
Financial Breakdown *** subject to plot and status
Full market value: £492500
25% share value: £123125
5% deposit: £6,156
Monthly Rent on un-owned share (25%) £1,119.31
Estimated Monthly Service Charge: £211.59
What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
*Please note images used in this listing are for illustration purposes and are not exact to the property.
** subject to plot
Key Features
Two Bedroom Brand New Apartment
Spacious open plan living space
Two Bathrooms
Skyline Views
Very close to East Croydon Station & Tram link
Furniture Pack incentive available
Ready to be Occupied immediately
Particulars
Tenure: Leasehold
Lease Length: 989 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan Price ListMap
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 £492,500, £6,156 Min Deposit. Calculated using a representative rate of 5.03%
