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91 Addiscombe Road

Shared ownership

Addiscombe Rd, Croydon, CR0 6SF

For sale
Shared ownership
Photo of 91 Addiscombe Road
Live from space album cover

from

£175,000

with min. deposit

£8,750

50% Share from
£175,000
Full market price
£350,000
Minimum deposit
£8,750
Monthly rent
£356
Monthly service charge
£136
Reservation free
£250

2 bedroom flat

Optivo are pleased to present this 2 bedroom flat with off road parking and private garden.

The property is situated near East Croydon Station, and a short walk to Central Croydon.

Key Features

2 Bedrooms

Garden

Long Lease - 157 Years Remaining

Near East Croydon Station

Off Road Parking

Near Local Schools

Parks nearby

A few minutes walk to Central Croydon

 

Features

Allocated parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years157

from

£175,000

with min. deposit

£8,750

50% Share from
£175,000
Full market price
£350,000
Minimum deposit
£8,750
Monthly rent
£356
Monthly service charge
£136
Reservation free
£250
Optivo (Resales)

Optivo (Resales)

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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