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Colclough Court

Shared ownership

Simpson Cl, Croydon, CR0 2NR

For sale
Shared ownership
Photo of Colclough Court
Live from space album cover

from

£225,000

with min. deposit

£11,250

75% Share from
£225,000
Full market price
£300,000
Minimum deposit
£11,250
Monthly rent
£233
Monthly service charge
£146.98

2 bedroom flat

A lovely spacious 2-bed top floor (3rd) apartment with a large balcony and spacious bedrooms.

Parking is available on-site with a permit.

The Apartment is close to "Valley Park" which has restaurants including Frankie & Benny's, Pizza Express, Nando's and Global Buffet. There is also leisure activities such as a cinema and Bowling Alley. There is also an Ikea in the area.

The property is close to numerous train stations, Gatwick Express and trains directly into London are very close by. There are also many schools local which are good or outstanding. A very quiet estate, close to the hospital, with off-street parking.

There is a lovely small …

Features

Balcony

Central heating

Lift access

Off street parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor3rd floor
Tenureleasehold

from

£225,000

with min. deposit

£11,250

75% Share from
£225,000
Full market price
£300,000
Minimum deposit
£11,250
Monthly rent
£233
Monthly service charge
£146.98
SO Sales

SO Sales

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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