Modern shared-ownership three-bed with roof terrace — low deposit option in central Croydon.
25% shared ownership; 3-bed, open-plan flat in new 2022 development
Deposit from £5,562.50; up to £5,000 contribution available (T&Cs)
Rent on unowned share £764.84/month (2.75%); service charge £152.08/month
Communal roof terrace, passenger lift and MVHR ventilation system
Community heating scheme (no individual boiler) — factor into running costs
Medium flood risk recorded; area-wide deprivation indicators apply
Very high local crime levels — consider security and insurance costs
One bathroom for three bedrooms — potential family inconvenience
Step into a modern three-bedroom shared ownership apartment in The Wandle, a recently completed development (2022) in central Croydon. The open-plan living space, engineered parquet flooring and integrated kitchen appliances offer contemporary, low-maintenance living and plenty of natural light. Residents benefit from a communal roof terrace with wide views and MVHR for efficient ventilation.
This is a 25% share purchase with a share price of £111,250 — deposit from £5,562.50 with up to £5,000 contribution available subject to terms. Monthly costs include rent on the unowned share (£764.84 at 2.75%), an estimated service charge of £152.08 and any mortgage payments on your share. Heating is via a community scheme, and the flat is leasehold with shared ownership conditions.
Useful for first-time buyers who want to get on the ladder in a well-connected, inner-city location: fast broadband, excellent mobile signal and close access to East/West/South Croydon stations, Tramlink and extensive bus links. Local amenities, shops, restaurants and colleges are all within walking distance.
Be realistic about the trade-offs: the area records very high crime and general deprivation indicators, there is a medium flooding risk, and the flat has a single bathroom for three bedrooms. These are important practical considerations for families or buyers planning long-term occupation or resale.
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