Shared ownership 35% share with private balcony — lower deposit required.
Two bedrooms with en-suite to master
A bright two-bedroom flat set on the second floor of a 2021 mid-terrace building in South Norwood. The apartment offers open-plan living with a modern fitted kitchen, a private balcony and an en-suite to the principal bedroom — a practical layout for a couple or young family starting out.
Offered via Shared Ownership at a 35% share (marketing price £355,000; share price £124,250), the scheme reduces the upfront cost and requires a minimum 5% deposit on the share. Monthly outgoings include rent of £673.30 and a service charge (monthly £155.54; average annual service charge £1,866.48), giving a total indicative monthly payment of around £828.84 plus any mortgage payments on the share. There is an annual rent increase in April.
Practical details to note: the property is leasehold with about 120 years remaining and an EPC rating of B. There will be charges payable to the landlord on completion, and the shared-ownership allocation may be subject to local connection (Section 106) priority rules. The lease and scheme rules may restrict subletting, pets and nomination periods — get legal and financial advice to confirm suitability and mortgage availability.
The location suits commuters and young families: local shops, leisure centre and South Norwood Country Park are within walking distance, and Norwood Junction and Tramlink links provide fast journeys into central London and nearby transport hubs. Crime levels are low and local schools have generally good Ofsted ratings.
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