2 Bed Flat For Sale – London
Features and description
- Leasehold
- Guideline Minimum Deposit £22,500
- Guideline income £45.3k (dual) £50.6k (single)
- Ground Floor with Private Garden
- Approx. 656 Sqft Gross Internal Area
- Semi-Open Plan Kitchen/Reception
- Parking Space
- Communal Cycle Store and Garden
- Minutes from Reedham Station
Shared ownership (Advertised price represents 75% share. Full market value £300,000). This bright apartment is on the ground floor of modern development and features a reception room with attractive flooring and doors that lead out to a small, private, southwest-facing garden. The kitchen is semi-open-plan, there is a spacious main bedroom with fitted wardrobe, a good-sized second double bedroom and a family bathroom. Well, insulated walls and double glazing make for a good energy-efficiency rating. The development has communal gardens, a cycle store and a parking area which includes a space for this flat. Watney Close is also just minutes from Reedham Station and within comfortable walking distance of Purley Station and the surrounding amenities. The local primary school is Ofsted-rated ‘Outstanding’. Interested parties are required to complete the shared ownership common application form
Housing Association: Home Group.
Tenure: Leasehold (99 years from 2007).
Share Available: 75% (£225,000).
Shared Ownership Rent: £184.27 per month (subject to annual review).
Combined Service Charge, Insurance and Admin Fee: £169.51 per month (subject to annual review).
Ground Rent: £75.00 for the year.
Guideline Minimum Income: Dual – £45,300 Single – £50,600 (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 carrying 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 are not permitted (except assistance animals).
What is shared ownership?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned by existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases, you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full-time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Ground Floor
Reception Room
17′ 8″ max. X 13′ 3″ (5.38m x 4.04m)
Kitchen
Bedroom 1
12′ 2″ x 10′ 4″ (3.71m x 3.15m)
Bedroom 2
13′ 11″ x 8′ 0″ (4.24m x 2.44m)
Bathroom
Floor Plans and Tours
