Affordable new-build apartment ideal for first-time buyers near excellent transport links.
Two-bedroom sixth-floor apartment with private balcony and city views
Circa 678 sqft of open-plan living, built in 2023
Shared ownership: 25% share priced at £111,875, deposit from £5,594
Monthly rent on unowned share approximately £769.14
Estimated monthly service charge £189.89 (below average)
Long lease: 990 years remaining
Community heating system — limited individual control over heating
Wider area classed as deprived, may affect resale and local services
A bright two-bedroom apartment on the sixth floor, offering around 678 sqft of contemporary open-plan living designed for first-time buyers. The layout opens onto a private balcony with city views, and the kitchen includes integrated appliances. Complete with a long 990-year lease and built in 2023, the home is move-in ready under a shared ownership model with incentives available up to £6,000.
Shared ownership reduces the upfront cost: a 25% share is priced at £111,875 with a deposit from £5,594. Monthly outgoings include rent on the unowned share (£769.14) and an estimated service charge (£189.89). Heating is provided via a community scheme, which may limit individual control and could affect running costs.
Location is a major selling point for commuters — East Croydon station and the tram link are a short walk away, offering fast routes into Central London and Gatwick. Local amenities and several well-rated schools are nearby, making the apartment practical for long-term plans. Be aware the wider area is noted as deprived, which may influence resale perceptions and local services.
This offering suits buyers looking to step onto the housing ladder with lower initial capital and secure a new-build flat close to transport links. It presents a straightforward, modern home with clear ongoing costs: shared ownership rent, service charge, and community heating arrangements.
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