Summary - Chipstead Avenue, Thornton Heath, CR7 CR7 7FP
1 bed 1 bath Flat
Starter flat with balcony, fast trains and low deposit option.
30% shared ownership available, purchase price £93,000 (based on £310,000)
Low minimum deposit — 5% of the 30% share
Third-floor one-bedroom with private balcony and modern kitchen
Under 10-minute walk to station; direct trains to central London
EPC B rating; mains gas boiler and radiators
Monthly total charges £831.65 (rent £622.45 + service charge £209.20)
Annual rent increase each April; leasehold tenure with service charges
Service charge ≈ £2,509.60 yearly; check eligibility and mortgage options
This third-floor one-bedroom flat offers a practical entry into Croydon living via Shared Ownership. The open-plan living room with a modern kitchen and private balcony maximises light and usable space for a single buyer or couple. The property is well-presented, has an EPC B rating and mains gas central heating with a boiler and radiators.
The location is a strong selling point: under ten minutes' walk to the nearest station with direct trains to London Victoria and London Bridge, and local shops, supermarkets and green space within easy reach. The flat is offered as a 30% share priced at £93,000 (based on a £310,000 valuation), with a low minimum deposit of 5%, making it attractive to first-time buyers seeking lower upfront costs. Monthly costs are: rent £622.45 and service charge £209.20, totalling £831.65 before any mortgage payments. Note an annual rent increase each April.
Important practical notes: this is a leasehold shared-ownership property with 994 years remaining on the lease. Annual service charge is substantial (about £2,509.60 per year) and there is a monthly rent payable on the unsold share. Prospective purchasers should check eligibility for shared ownership, confirm affordability with a mortgage advisor, and review the lease and allocation policy before committing.
1 bedroom flat for sale in Cairo New Road, CROYDON, CR0 — £84,000 • 1 bed • 1 bath • 402 ft²
1 bedroom flat for sale in Saffron Central Square, Croydon, CR0 — £66,000 • 1 bed • 1 bath • 520 ft²
2 bedroom flat for sale in Hallam Court, 20 Whitehorse Road, Croydon, CR0 2JA, CR0 — £90,000 • 2 bed • 2 bath • 763 ft²
2 bedroom flat for sale in Cherry Orchard Road, Croydon, CR0 — £111,875 • 2 bed • 1 bath • 678 ft²
2 bedroom flat for sale in Osborne Road, Thornton Heath, CR7 — £120,750 • 2 bed • 1 bath • 710 ft²
2 bedroom flat for sale in Cherry Orchard Road, Croydon, CR0 — £121,250 • 2 bed • 1 bath • 785 ft²
