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%.

Read more about Shared ownership (Opens in new window)

Longitude Apartments, 7 Addiscombe Grove, CR0 5BS, 1 bed homes


Addiscombe Grove, London, Croydon, CR0 5BS

Shared ownership

Starting prices

45% share from
£114,750
Full price
£255,000
Monthly rent
£251
Monthly service charge
£228

Overview

Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

This 2nd floor flat consists of a hallway, open plan lounge/kitchen, A double bedroom and a family bathroom. Double glazed windows & Gas central heating. Benefiting with built in storage in the hallway & a secure entry system.

 

Entrance Hall

Leading to all rooms, Carpeted floor, Gas central heating, and a storage cupboard.

 

Lounge/Kitchen:

(lounge area) (4.5m x 4.0m)

Carpeted floor, double glazed window, Gas central heating. Open planned to kitchen.

 

(kitchen area) (3.1m x 1.5m)

Vinyl flooring, fitted base & wall units, worktop with stainless steel sink and mixer tap, tiled splash back. Built in Electric hob & electric oven. Integrated washing machine and fridge/freezer.

Bedroom one (3.3m x 3.7m)

Carpeted floor, double glazed window, Gas central heating.

Bathroom (2.0m x 2.4m)

Vinyl flooring, White panel bath with mixer shower taps, white ceramic sink and W/C. Fully tiled bath area, Gas central heating.

EPC rating:   B84

Lease Term:  89 years remaining


Local area information

Croydon city centre is ideally located within easy walking distance and includes an abundance of leisure, social and retail amenities.

East Croydon train station provides quick direct rail connections to London's main terminals (London Victoria in 16 minutes; London Bridge in 14 minutes; Blackfriars in 20 minutes; Thameslink in 25 minutes), as well as Gatwick Airport, Brighton and the South East coast.


Housing Provider

Optivo (Resales)
Shared ownership

Starting prices

45% share from
£114,750
Full price
£255,000
Monthly rent
£251
Monthly service charge
£228