£78,750
1 bed flat for saleSheldon Street, Croydon CR0
1 bed
1 bath
1 reception
EPC Rating: B
- Shared ownership
- Leasehold
Red Loft - Resales
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About this property
A spacious double bedroom with a built-in wardrobe
Contemporary main bathroom
Stylish open-plan kitchen, living and dining area
Ample storage throughout
A private balcony with access from both the bedroom and living/dining area
EPC rating: B
We are pleased to present this 1-bedroom apartment located on the second floor, offering 52.1m2 (561ft2) of modern living space.
Built to high standards, the apartment benefits from large windows, creating a bright and airy feel. The kitchen is modern and fully equipped, while the bathroom boasts sleek fittings and a powerful shower. Energy-efficient features help keep running costs low and support a more sustainable lifestyle.
- A spacious double bedroom with a built-in wardrobe
- Contemporary main bathroom
- Stylish open-plan kitchen, living and dining area
- Ample storage throughout
- A private balcony with access from both the bedroom and living/dining area
- EPC rating: B
Location
East Croydon station is within easy reach, offering fast connections to London Victoria in under 20 minutes, London Bridge in around 20 minutes, and Brighton in under 45 minutes. The area is well connected by road, with the M25 providing access to the national motorway network, while Gatwick Airport is less than 20 minutes away by train. Local tram services make travelling across South London simple, linking up with Wimbledon, Mitcham and Beckenham. For those who love the outdoors, the magnificent Surrey Hills are nearby, providing the perfect escape for weekend walks and countryside adventures.
Key Information
Tenure: Shared Ownership
Available Shares from: 25%
Full Market Value: £315,000
Share Value (initial purchase) from: £78,750
Rent (on unsold equity): £588.72 per month
Service Charge: £56.35 per month
Lease Length: 988 years
Council Tax Band: C
EPC Rating: B
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £90,000 (for London)
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You'll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
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More information
Tenure
Leasehold (988 years)
Service charge
£56 per month
Council tax band
C
Ground rent
Ground rent date of next review