Affordable shared-ownership flat with long lease and rooftop communal space.
30% shared ownership available at £126,000; outright option £420,000
Long lease remaining (approximately 247 years)
Open-plan living with modern kitchen and parquet/herringbone flooring
Communal roof garden (22nd floor) and shared workspace amenity
Service charge approximately £1,824 per year
Community electricity/heating scheme; limited individual control
Area classified as deprived with very high local crime rates
Medium flood risk; may affect insurance and future resale
This bright, modern three-bedroom flat is offered as a 30% shared ownership share for £126,000, with the option to buy outright for £420,000. The apartment sits within a contemporary development (constructed 2012 onwards) and benefits from double glazing, parquet/herringbone flooring and an open-plan living room with a luxury fitted kitchen. A long lease (circa 247 years) gives ownership security uncommon at this price point.
Residents have access to substantial communal amenities including a rooftop garden on the 22nd floor and a communal room with workstations—useful for home working or social space. Transport links are a key strength: East, West and South Croydon stations and the Tramlink are all within easy reach for fast journeys into central London. Mobile signal is excellent and broadband speeds are fast.
There are important factors to consider. The development uses a community electricity/heating scheme, which can mean limited individual control and fixed costs. The service charge is around £1,824 per year. The property sits in an area classified as deprived with very high local crime statistics and a medium flood risk; these factors may affect insurance, resale value and personal security decisions.
Overall, this flat will suit first-time buyers looking to get onto the ladder via shared ownership or investors seeking a long lease in a well-connected, modern building. The accommodation is efficiently planned and presented to a high standard, but buyers should weigh the communal running costs, location-related risks and the implications of the shared ownership tenure before arranging a viewing.
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