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Lennard Lodge - Top Floor

Shared ownership

Lennard Rd, Croydon, CR0 2UL

For sale
Shared ownership
Photo of Lennard Lodge - Top Floor
Live from space album cover

from

£96,000

with min. deposit

£9,600

30% Share from
£96,000
Full market price
£320,000
Minimum deposit
£9,600
Monthly rent
£546
Monthly service charge
£166

1 bedroom flat

Once you have registered your interest, you will receive an email to book your viewing.

Lennard Lodge is a one-bedroom property located on the top floor of a four storey block. The overall development is four storeys and was built around 2017. The approximate size of the property is 55 sq. m. and it benefits from its own private balcony, secure cycle storage facility and picturesque communal garden. The time remaining on the lease is 121 years.

There are good transport links with West Croydon Railway Station 0.2 miles away, served by National Rail, London Overground and Tramlink. Local buses serve the area and the night buses links to Central …

Features

Bedrooms1
Bathrooms1
Reception rooms0
Furniture statusunfurnished
Number of floors1
Entrance floor4th floor
Tenureleasehold

from

£96,000

with min. deposit

£9,600

30% Share from
£96,000
Full market price
£320,000
Minimum deposit
£9,600
Monthly rent
£546
Monthly service charge
£166
Peabody

Peabody

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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