Summary - Flat 18, 16 Wellesley Road, CROYDON CR0 2DD
2 bed 1 bath Apartment
Affordable new-build two-bedroom with excellent transport links for first-time buyers.
- Shared ownership (75% shown); full market value £475,000
- 780 sq ft two-bedroom apartment with winter garden
- Five-minute walk to East Croydon station, fast London links
- Off-street parking options available
- New-build with modern fitted kitchen and integrated appliances
- Leasehold tenure; buyers must budget for staircasing to full ownership
- Service charge approximately £3,576 per year
- Local area: high crime and very deprived — affects resale/insurance
This light-filled two-bedroom apartment on Wellesley Road offers modern city living with large full-height windows and a winter garden that bring in ample natural light. At 780 sq ft, the layout suits first-time buyers seeking generous space and a contemporary finish in a new-build development. The advertised price reflects a 75% shared ownership share (full market value £475,000), making this a lower-entry route onto the housing ladder.
Practical features include off-street parking options, fast broadband and excellent mobile signal, plus a mezzanine communal space for residents. Transport is a key strength: East Croydon station is a five-minute walk and London Bridge reachable in about 15 minutes, useful for commuters. Local amenities are plentiful, from supermarkets and cafes to gyms and eateries.
Buyers should note important constraints: this is a leasehold property offered as shared ownership, with an average annual service charge of £3,576. The local area records high crime levels and is classed as very deprived, which may affect resale values and insurance costs. There is one bathroom only, and buyers wanting full ownership would need to purchase the remaining share in future.
Overall, this apartment is best suited to first-time buyers seeking an affordable, well-connected new-build home who accept shared ownership and the ongoing service charge. Its strong transport links and modern specification deliver convenience and contemporary living, while the area considerations and leasehold status warrant careful budgeting and due diligence.
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