Burway Close 418324

Overview

Available through our resale shared ownership scheme, a first floor, one-bedroom apartment in Croydon.

Property description:

This south facing apartment comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated appliances, which includes a new oven less than six months old, one bedroom, bathroom with shower over bath and generous hallway storage. 

The property also benefits from access to a communal garden and off-street, allocated parking with visitor bays.

Lease: Commenced 2008 with 125-year term

Council Tax Band: Croydon Council - C

Approx. Gross Internal Area: 436sq.ft.

LOCAL AREA INFORMATION

• Croydon Town Centre offers a variety of shopping facilities, restaurants, cinemas, bars and nightlife including Centrale Shopping Centre.  The nearby Selsdon Road and high-street offers quick access to local amenities and bus services.
• South Croydon Train Station is a 15-minute walk away and offers links to East Croydon, Clapham Junction, London Bridge, London Victoria and Gatwick Airport.
• Tramlink also offer tram service to routes through central Croydon from Wimbledon, Beckenham, Elmers End and New Addington.
• For outdoor activities Lloyd Park, Croham Woods and Croham Hurst Golf Course are all nearby and a further 2miles south Purley Way offers more retail outlets, gyms and a leisure park.

FINANCIAL INFORMATION

Property Value = £225,000

Percentage Share = 40%

Share Price = £90,000

*Monthly Rent = £479.41 

*Monthly Service Charge = £212.18 

**Monthly Mortgage Payment = £460

***Annual Household Income = £40,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced. 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Local area information

Croydon

as above