Help to Buy at Auckland Rise and Sylvan Hill, Croydon, SE19 2QL

Auckland Rise and Sylvan Hill

427 Church Road, London, SE19 2QL

For salenew home
Help to Buy
Live from space album cover

from

£

1 bedroom

from

£465,000

2 bedroom

Register interest

from £350,000

with min. deposit £17,500

£465,000

2 bedroom Flat

Availability

For sale

Full market price

£465,000

Deposit from

£23,250

Monthly service charge

£171.96

Bedrooms

2

Bathrooms

1

Reception rooms

1

Number of floors

1

Entrance floor

Ground floor

Tenure

leasehold

Property features

Wheelchair accessible

Overview

Offering wonderful views to the south-east this new quiet neighbourhood of Auckland Rise & Sylvan Hill in Upper Norwood holds homes perfect for first-time buyers and anyone who longs for a green outlook and a sense of space, with an easy commute into Central London. Full market value: £465,0005% mortgage deposit: £23,25040% equity loan: £186,000 High SpecificationEach apartment offers generously sized rooms allowing for open and light-flooded spaces along with our contemporary kitchen finishes which include integrated Bosch appliances, natural Silestone worktops and soft closing cabinets. We have used oiled oak timber fl...

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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