Hastings Road
£94,500 for a 35% share
Property description
Two bedroom second floor apartment, Long lease, communal gardens
Property address
Hastings Road, Croydon, CR0 6PH
2 
1 SHARED OWNERSHIP
Full market value - £270,000
You pay (35%) - £94,500
Monthly Rent - £520.073
Monthly Service Charge - £212.52
Annual Ground Rent - £100
125 year lease commenced in July 2008 (109 years remaining)
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
L&Q welcomes you to view this two bedroom, second floor apartment.
This bright and spacious two bedroom second floor apartment consists of a open-plan kitchen and living area, flooded with natural light. The kitchen is fitted with beech wall and base units and a marble effect worktop. The kitchen also benefits from integrated appliances oven, hob, extractor fan. Spacious main double bedroom benefitting from built-in storage cupboards. Bright and airy second double bedroom.. The bathroom comes complete with a white three-piece suite with a shower over bath and heated towel rail. Additional double storage cupboards in hallway. Off Street Parking.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Situated in the popular Croydon town centre, the property is close to several local amenities, including supermarkets, shops, restaurants and pubs. Transport connections can be found from the A232, A23, East and West Croydon rail stations with London Overground and tram connections.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £45,640. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2024.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £270,000 |
|---|---|
| Minimum Share Percentage | 35% |
| Minimum Share Value | £94,500 |
| Monthly Service Charge | £213 |
| Minimum Deposit | £9,450 |
Situated in the popular Croydon town centre, the property is close to several local amenities, including supermarkets, shops, restaurants and pubs. Transport connections can be found from the A232, A23, East and West Croydon rail stations with London Overground and tram connections.
Others
- Central heating
- Double Glazing
Outside space
- Communal Garden
Parking
- Off street parking