1 bed Flat For Sale £94,000
A spacious and well presented, one bedroom first floor apartment offered to the market with a minimum 40% share (full 100% price £235,000). The property is located just a stones throw away from both Reedham train station and Purley station making the property ideal for first time buyers after an easy commute into central London.
Offering well proportioned living accommodation throughout, the property briefly comprises: Entrance hall with two storage cupboards and airing cupboard with a new hot water tank fitted in February 2022; a spacious living/dining room; fitted kitchen with integrated electric oven and induction hob, space for freestanding fridge/freezer and plumbing for a washing machine. A double bedroom with space for double wardrobes; a refitted bathroom in January 2022 completes the living accommodation.
Externally, the property offers attractive and well-kept communal gardens, an allocated parking space and communal bike storage.
N.B – Anybody wishing to purchase this property must be assessed and approved by Home Group before a sale can be agreed.
Lease Details –
Lease Length – 174 years remaining
Total monthly charges £558.65 pcm reviewed on 1st April annually. Breakdown below -
Service charge - £102.43 pcm
Management fee - £17.42 pcm
Sinking fund - £41.33 pcm
Insurance charge - £8.33 pcm
Share of rent - £389.14 pcm
Lease details have been provided by the vendor. This information should be confirmed by your solicitor.
Eligibility
Minimum deposit requirement - £4,700, Total household income needs to be under £80,000.
Priority for affordable housing is given to housing association or local authority tenants, first time buyers or members of the armed forces. Applicants relocating to the area for work purposes where property prices do not allow them to buy a suitable home for their family size or applicants going through a relationship breakdown will also be considered.
Applicants must have a local connection to London Borough of Croydon (for a period of 12 months immediately prior to taking occupation of the premises; and or the parent, grandparent, child or grandchild of someone who meets the above requirements or either via currently living / working or immediate family.
Any applicants that currently own a property must have a sale agreed on their current property before they can be considered.
Applicants must be registered with the local Help to Buy Agent for the area
Applicants must not currently own a home anywhere in the world, unless a court order forces them to remain on the deed of a property where their children reside.
Applicants must be unable to afford to buy a property suitable for their family size on the open market.
The Shared Ownership home they are looking to buy must be their principle or only home and they may not sublet all or part of it.
Applicants must be financially able to buy the property and pass a financial assessment and secure a mortgage if applicable.
Applicants should also be a British or EU/eea citizen, or have indefinite leave to remain, Customers who have indefinite leave to remain who are interested in buying a home must be able to demonstrate that they are able to raise a mortgage with an acceptable lender.
Applications
Any applicants that wish to apply to purchase after viewing must complete an application form and a basic affordability check. We will provide these details directly once we have confirmation that you wish to proceed.
Referral Fees
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Mansell McTaggart, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
Offering well proportioned living accommodation throughout, the property briefly comprises: Entrance hall with two storage cupboards and airing cupboard with a new hot water tank fitted in February 2022; a spacious living/dining room; fitted kitchen with integrated electric oven and induction hob, space for freestanding fridge/freezer and plumbing for a washing machine. A double bedroom with space for double wardrobes; a refitted bathroom in January 2022 completes the living accommodation.
Externally, the property offers attractive and well-kept communal gardens, an allocated parking space and communal bike storage.
N.B – Anybody wishing to purchase this property must be assessed and approved by Home Group before a sale can be agreed.
Lease Details –
Lease Length – 174 years remaining
Total monthly charges £558.65 pcm reviewed on 1st April annually. Breakdown below -
Service charge - £102.43 pcm
Management fee - £17.42 pcm
Sinking fund - £41.33 pcm
Insurance charge - £8.33 pcm
Share of rent - £389.14 pcm
Lease details have been provided by the vendor. This information should be confirmed by your solicitor.
Eligibility
Minimum deposit requirement - £4,700, Total household income needs to be under £80,000.
Priority for affordable housing is given to housing association or local authority tenants, first time buyers or members of the armed forces. Applicants relocating to the area for work purposes where property prices do not allow them to buy a suitable home for their family size or applicants going through a relationship breakdown will also be considered.
Applicants must have a local connection to London Borough of Croydon (for a period of 12 months immediately prior to taking occupation of the premises; and or the parent, grandparent, child or grandchild of someone who meets the above requirements or either via currently living / working or immediate family.
Any applicants that currently own a property must have a sale agreed on their current property before they can be considered.
Applicants must be registered with the local Help to Buy Agent for the area
Applicants must not currently own a home anywhere in the world, unless a court order forces them to remain on the deed of a property where their children reside.
Applicants must be unable to afford to buy a property suitable for their family size on the open market.
The Shared Ownership home they are looking to buy must be their principle or only home and they may not sublet all or part of it.
Applicants must be financially able to buy the property and pass a financial assessment and secure a mortgage if applicable.
Applicants should also be a British or EU/eea citizen, or have indefinite leave to remain, Customers who have indefinite leave to remain who are interested in buying a home must be able to demonstrate that they are able to raise a mortgage with an acceptable lender.
Applications
Any applicants that wish to apply to purchase after viewing must complete an application form and a basic affordability check. We will provide these details directly once we have confirmation that you wish to proceed.
Referral Fees
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Mansell McTaggart, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
1 bed Flats For Sale Sydney Avenue
1 bed Flats For Sale Grovelands Road
1 bed Flats For Sale Aveling Close
1 bed Flats For Sale Purley Rise
1 bed Flats For Sale Lansdowne Road
1 bed Flats For Sale Fairbairn Close
1 bed Flats For Sale Watney Close
1 bed Flats For Sale Brighton Road
1 bed Flats For Sale Beaumont Road
1 bed Flats For Sale Grovelands Road
1 bed Flats For Sale Aveling Close
1 bed Flats For Sale Purley Rise
1 bed Flats For Sale Lansdowne Road
1 bed Flats For Sale Fairbairn Close
1 bed Flats For Sale Watney Close
1 bed Flats For Sale Brighton Road
1 bed Flats For Sale Beaumont Road
