3 bedroom apartment for sale
Addiscombe Oaks - Plot C1-45, Addiscombe Road, CR0 5DW
Share percentage 25%, full price £435,000, £5,438 Min Deposit.
Share percentage 25%, full price £435,000, £5,438 Min Deposit.
Monthly Cost: £1,465
Rent £612,
Service charge £247,
Mortgage £606*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
2 bedroom 5th floor apartment offering 74.4 sq.m of internal floor area with outdoor space.
Description
Reserve a selected home between 2-31 January and receive up to £1,000 towards buying costs on all available two bedroom homes plus £500 in vouchers to use after you've moved in*
Plot C1-45
2 bedroom 5th floor apartment offering 74.4 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: £435,000
Shared Value (25%): £108,750
Minimum deposit: £10,875
Required income: £44,000
Rent PCM: £612
Service Charge PCM: £246.88
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!
L&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. Incentive amount is based on the property type and development. The buying cost will be paid by way of deduction from monies due at completion of the purchase. For full terms and conditions visit lqhomes.com/offers. Shared Ownership terms and conditions apply. Prices start from £107,500 for a 25% share of a 2 bedroom apartment at L&Q at Addiscombe Oaks. Full market value of £430,000. Please visit lqhomes.com/sharedownership for more information.
Key Features
- Modern open plan living area
- Private Balcony
- 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 PlanVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £435,000, £5,438 Min Deposit. Calculated using a representative rate of 5.03%
