2 bedroom apartment for sale
38 Cherry Orchard Road, CR0 6BE
Share percentage 25%, full price £437,500, £5,469 Min Deposit.
Share percentage 25%, full price £437,500, £5,469 Min Deposit.
Monthly Cost: £1,533
Rent £752,
Service charge £172,
Mortgage £609*
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.
o be eligible for Shared Ownership you will need to meet certain requirements set by Homes England and the Greater London Authority (GLA). You could be eligible for Shared Ownership if:
You are at least 18 years old
You cannot afford to buy a home that suits your household’s needs on the open market
You have savings to cover a mortgage deposit and can obtain a mortgage
You are a first-time buyer
If you already own a home and need to move but cannot afford to – or you have equity from a recent sale – please contact us, as there are some circumstances under which you may still be eligible. In some cases, due to criteria set by local authorities, you may be asked to show a connection to the local area where you’re looking to buy. For instance, you might currently live and/or work there.
Maximum incomes and further eligibility requirements may vary for each scheme. Speak to a member of our sales team if you have any doubts. Before you purchase a Shared Ownership home, we will put you in touch with an independent mortgage advisor who will assess whether the purchase is affordable for you and take you through all your options.
Summary
Up to £6,000 deposit boost when you reserve at Crescent Gardens - Over 50% now sold
Description
* Up to £6,000 Deposit Boost incentive when you reserve at Crescent Gardens.
** Parking spaces are available to lease by separate negotiation and subject to availability. Speak to our Sales Consultants for further details
Reserve one of our remaining one and two bedroom apartments and your home will be designed with furniture and finishes carefully curated by interior designers.
Call our Sales Consultants today for further details. Terms & Conditions apply
From a little as £5,468.75 deposit, this amazing two bedroom apartment could be your next home. Located on the 4th floor and circa 656sqft 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
Key Features
Moments from East Croydon Station
Stunning Two Bedroom apartment
Private Balcony
Spacious living accommodation
Stylish modern fitted kitchen & Bathroom
Parking provision is available by separate negotiation
Up to £6,000 deposit boost incentive available
Particulars
Tenure: Leasehold
Lease Length: 990 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 £437,500, £5,469 Min Deposit. Calculated using a representative rate of 5.03%
