Aventine Avenue

Studio homes in Croydon, Merton, CR4 1GB

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

One bedroom first floor flat in the London Borough of Croydon, available to buy through Shared Ownership. Full market value £240,000 55% share available, share price £132,000

Monthly fees
Monthly Mortgage**: £701.73
Monthly Rent: £202.91
NHHO Service Charge*: £65.00 
Ground Rent: £16.67
Notting Hill Administration Fee: £13.50
Council Tax: £105.17

Estimated Total (per month): £999.81 (excluding council tax)

*Service Charge payable to Trinity Estate
** The estimated monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years, which is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

 

Ground floor
Communal entrance hall

First floor flat
Entrance hall, living room, kitchen, bedroom, bathroom / WC

External
One allocated parking space

GIA
60 square metres as per RICS valuation

Accessibility rating 
F – General

EPC rating
B

Length of lease
93 years

Borough
Croydon

Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Aventine Avenue

Studio homes in Croydon, Merton, CR4 1GB

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes