2 bedroom apartment for sale
Gowlland Close, Croydon, London, CR0 6NW
Share percentage 50%, full price £300,000, £15,000 Min Deposit.
Share percentage 50%, full price £300,000, £15,000 Min Deposit
Monthly Cost: £1,306
Rent £390,
Service charge £159,
Mortgage £757*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This flat is accessed via a private entrance and has a reception room and a spacious, kitchen/dining room. The two bedrooms are identical in size and there are also two near-identical bathrooms. Well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. The flat comes with use of a parking space and is also within comfortable walking distance or short bus/bike ride of the extensive range of rail services available from East Croydon Station. Nearby Blackhorse Lane Tram Stop offers an additional transport option. The five nearest schools (four primaries and a secondary) are all Ofsted-rated 'Good'.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £300,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/mrxfyhsy]
(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: A2Dominion.
Tenure: Leasehold (125 years from 01/07/2004).
Minimum Share: 50% (£150,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £389.51 per month (subject to annual review).
Service Charge: £159.07 per month, including sinking fund (subject to annual review).
Guideline Minimum Income: Dual - £44,600 | Single - £51,000 (based on minimum share and 10% deposit).
Council Tax: Band C, 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.
Key Features
- Guideline Minimum Deposit £15,000
- Guide Min Income Dual £44.6k | Single £51k
- Ground Floor with Private Entrance
- Approx. 729 Sqft Gross Internal Area
- Reception plus Kitchen/Dining Room
- Two Bathrooms
- Parking Space + Shared Cycle Store
- East Croydon Station Within Easy Reach
Particulars
Tenure: Leasehold
Lease Length: 104 years
Council Tax Band: C
Property Downloads
Floor Plan Brochure BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: No
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 50%, full price £300,000, £15,000 Min Deposit. Calculated using a representative rate of 4.59%
