2 bedroom apartment for sale
Addiscombe Oaks - Plot C1-23 SO, Addiscombe Road, CR0 5DW
Share percentage 25%, full price £430,000, £5,375 Min Deposit.
Share percentage 25%, full price £430,000, £5,375 Min Deposit.
Monthly Cost: £1,452
Rent £605,
Service charge £248,
Mortgage £599*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Rent paid for up to 3-months when you reserve a new Shared Ownership home between 1 - 30 November on all available two and three bedroom homes*
Description
Rent paid for up to 3-months when you reserve a new Shared Ownership home between 1 - 30 November on all available two and three bedroom homes*
Plot C1-23
2 bedrooms 3rd floor apartment offering 75.1 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: £430,000
Shared Value (25%): £107,500
Minimum deposit: £10,750
Required income: £43,500
Rent PCM: £605
Service Charge PCM: £248.35
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!
*Shared Ownership terms and conditions apply. Please visit lqhomes.com/sharedownership for more information. Prices start from £66,250 for a 25% share at L&Q at Beam Park. Incentive terms and conditions apply. For full terms and conditions visit lqhomes.com/offers.
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
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 £430,000, £5,375 Min Deposit. Calculated using a representative rate of 5.03%
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