Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

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Burway Close, 1 bed homes


Burway Close, Croydon, Croydon, CR2 7AY

Shared ownership

Starting prices

50% share from
£120,000
Full price
£240,000
Minimum deposit
£12,000
Monthly rent
£297
Monthly service charge
£145

Overview

 

 

Property Description

The property comprises of a bright secure communal entrance with a entry system, open plan living/dining room area, modern fitted kitchen with inbuilt oven & hob, one double bedroom, family bathroom with shower over bath, double glazing throughout and storage space. The property also benefits from access to a well-maintained communal garden, bike storage and an allocated off street parking space.

Length of Lease: Approx. 113 Years

Council Tax Band: Croydon Council Tax Band - C

Gross Internal Area: 46m2


Local area information

LOCAL AREA INFORMATION

• Situated in a convenient and popular area of South Croydon

• Croydon Town Centre is close to the property & offers a variety of shopping facilities, restaurants, cinemas, bars and nightlife

• Within walking distance of local shops, parks and public green spaces

• 0.7 miles from South Croydon Train Station which offers quick and direct routes to London Bridge, London Victoria and Gatwick Airport

• The property is within close proximity of local primary/secondary schools.

• Tramlink & Bus services available local to the property.


Housing Provider

Hyde New Homes
Shared ownership

Starting prices

50% share from
£120,000
Full price
£240,000
Minimum deposit
£12,000
Monthly rent
£297
Monthly service charge
£145