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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Milton Road (Phase 2), 1-3 bed homes


Milton Road, Croydon, Croydon, CR0 2BP

Shared ownership

Starting prices

35% share from
£115,500
Full price
£330,000
Minimum deposit
£4,725
Monthly rent
£402
Monthly service charge
£125

Overview

Optivo is proud to present Phase 2 of  Milton Road  which is less than 10 minutes’ walk from East Croydon station and the vibrant town centre, this collection of 32 modern, one, two and three-bedroom apartments, set over four floors, enjoys a peaceful location in a quiet residential road.

Your Data
By submitting this form you accept that Optivo will retain and process your data for the purpose of marketing this development to you. We will also pass your data on to our estate agents, Redloft, who will contact you about your enquiry.


Local area information

Located within walking distance of Croydon high street and South London's first Boxpark, Milton Road offers great transport links. West Croydon and East Croydon train station are within easy reach, with regular trains running to London Victoria and London Bridge (average journey time 18mins source TFL). There is also the popular tram line, which runs to Wimbledon, New Addington and Beckenham.

Work on the town’s £1.4bn Westfield shopping centre is due to begin in 2019.


Plot availability

Plot number A1-11
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £105,000
Full market price £300,000
Monthly rent £498
Monthly service charge £102
Ownership Leasehold
Plot number A1-10
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £112,875
Full market price £322,500
Monthly rent £480
Monthly service charge £122

Optivo are proud to present Phase 2 of our Milton Road development in Croydon comprising of one, two and three bedroom apartments offer spacious and modern living just a short walk from Croydon's Town Centre. The apartments will be finished to a high standard included fully fitted kitchens with integrated appliances and three -piece bathroom suites.

Within a ten minute walk, you will be able to reach East Croydon Station which provides direct links to Central London, Brighton and Gatwick Airport. As one of the largest boroughs in London, Croydon is undergoing a major transformation attracting visitors across the UK. Boxpark Croydon features a vast array of eateries and lively bars. High street brands and luxury labels come under one roof in Croydon’s shopping centres- The Whitgift Centre & Centrale. A £1.4bn Westfield shopping centre scheme is also due to be delivered to the town centre.

For more information, please contact the sales team at sales@optivo.org.uk

Plot number A1-5
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £114,625
Full market price £327,500
Monthly rent £487
Monthly service charge £122
Plot number A1-22
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £115,500
Full market price £330,000
Monthly rent £492
Monthly service charge £122

FAQ's

Min share price from: £105,000 for a 35% share
Full price from: £300,000
Minimum deposit from: £4,725
Monthly rent from: £498
Bedrooms: 1
Bathrooms: 1

There are 4 available ranging from £105,000 for a 35% share to £115,500 for a 35% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Optivo
Shared ownership

Starting prices

35% share from
£115,500
Full price
£330,000
Minimum deposit
£4,725
Monthly rent
£402
Monthly service charge
£125