Studio for sale in Crescent Gardens, 38 Cherry Orchard Road, Croydon CR0

Situated by East Croydon Station making it perfectly located for commuting into London. Available to purchase from a 25% share with a deposit of £3,875.

Stylish studio apartment is located on the 6th floor and comprises entrance hallway with large walk in storage cupboard, leading to an open plan kitchen/living/dining area with direct access onto private balcony, partitioned bedroom area benefiting built in wardrobe and storage and main bathroom. There is a lift to all floors, three communal roof terraces, video entry system and cycle storage.

Crescent Gardens is a brand new development of high quality shared ownership apartment located in the heart of East Croydon and a stone’s throw away from East Croydon railway station provided frequent and speedy rail service to several Central London stations, Gatwick airport, via the Gatwick express and the South Coast. It’s also close to the beautiful countryside of Surrey and Kent making it the perfect place to put down roots in a home of your own.

Croydon is a highly sort after location due to its excellent shopping facilities, vibrant nightlife, including the recently refurbished Fairfield Halls, its array of local restaurants and eateries and unrivalled transport facilities.

Why rent when you could buy:
Is it now time for you to start paying your own mortgage instead of someone else’s?
Compare the average rent in your area with the monthly cost of a shared ownership home you could be pleasantly surprised.

Financial breakdown
Full Market Value: £302,500
25% Share: £77,500
Monthly Rent: £532.81
Minimum 5% Mortgage Deposit: £3,875

What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

*Please note images used in this listing are for illustration purposes and are not exact to the property.