SHARED OWNERSHIP
Yardmaster House - 2 Bed
(Share Price (45%) - £162,000
Full Value Price £360,000
SHARED OWNERSHIP
Yardmaster House - 2 Bed
(Share Price (45%) - £162,000
Full Value Price £360,000
- Nearest Railway Station: East Croydon
- Bus Routes Nearby: 410, 289, 197, 312, 64, 198
The property located on the sixth floor comprises:
- Entrance: Hallway with a large utility cupboard with integrated white goods.
- Living room: Spacious living with lots of natural light through floor-to-ceiling windows, an open plan kitchen and direct access to the private balcony. Laminate flooring in light oak.
- Kitchen: Dark grey worktop with stainless-steel splashback, with integrated Zassu appliances. Laminate flooring in light oak.
- Bedroom one: Double bedroom with fitted wardrobe and floor-to-ceiling windows. Cream carpet.
- Bedroom two: Spacious second double bedroom.
- Bathroom: White suite comprising a large bath with shower head, tiled and painted walls and a towel rail. Grey tile flooring.
- Outside: Stunning private balcony, secure cycle storage and communal garden.
What happens after I register my interest?
After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.
Financial information
- Tenure: Leasehold
- Remaining lease term: 118 Years
- Annual service charge amount: £2,064.40
- Service charge review period: 1st April annually
- Council tax band: Band E
Floorplan
Financials*
Full Value
£360,000
Share Price
£162,000
Share Value
45%
Monthly Cost
£1,446
Monthly Mortgage
£828
Monthly Rent
£432
Monthly Service Charge
£186
Minimum Household Income
£51,750
Maximum Household Income
£90,000
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Yardmaster House - 2 Bed, Cross Road, Croydon, Croydon, CR0 6FB Open in Google Maps