2 bedroom apartment for sale
1 Bensham Lane, Croydon, CR0 2RU
Share percentage 40%, full price £310,000, £12,400 Min Deposit.
Share percentage 40%, full price £310,000, £12,400 Min Deposit
Monthly Cost: £1,330
Rent £594,
Service charge £110,
Mortgage £626*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This well-presented apartment is on the third floor and has a thirty-foot reception room with open-plan kitchen area featuring sleek, white units, integrated appliances and breakfast bar. The two bedrooms are both comfortable doubles, a pair of storage/utility cupboards have been provided in the entrance hallway and there is a stylish bathroom. Demanding insulation standards, high performance glazing and gas central heating make for an excellent energy-efficiency rating. There are shops on London Road plus many more at the nearby Whitgift and Centrale Shopping Centres. Bensham Lane is only a short walk from West Croydon Station and East Croydon is also within easy reach. The apartment further benefits from a space in the gated car park.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £310,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/kc8dv6aj]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/06/2015).
Minimum Share: 40% (£124,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £594.32 per month (subject to annual review).
Service Charge: £110.20 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £44,300 | Single - £50,600 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Croydon. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £12,400
- Guide Min Income Dual £44.3k | Single £50.6k
- Third Floor (building has a lift)
- Approx. 713 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Balcony
- Parking Space
- Short Walk to West Croydon Station
Particulars
Tenure: Leasehold
Lease Length: 115 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Gated
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Communal lift: Yes
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 40%, full price £310,000, £12,400 Min Deposit. Calculated using a representative rate of 4.59%