Leave renting behind with a new flat in Croydon
Aspiring homebuyers who fear they are stuck in a rental rut are being urged to visit Taylor Wimpey’s 793 London Road development of flats in Croydon – and discover how they could cut their monthly outgoings by owning a brand new apartment.
One-bedroom apartments within this sought-after collection of stylish contemporary flats to buy in Croydon are available now from as little as £118,995*, which could mean mortgage repayments of less than £470** per month.
Paula Carter, Regional Sales and Marketing Director for Taylor Wimpey, says: “The fantastic value for money on offer for our high-quality flats for sale in Croydon at 793 London Road really does explode the myth that renting is cheaper than buying a property.
“When you consider that the average cost of renting one-bedroom apartments in Croydon is more than £670*** every month, it’s clear to see that the potential annual savings by purchasing a brand new home at this stunning development could run into the thousands.
“The only note of caution I would sound is that with prices this good, the great-value properties at 793 London Road won’t be available for long – so first-time buyers in search of Croydon property will have to act quickly if they want to avoid missing out!”
Each new one-bedroom apartment at 793 London Road offers generous space for those in search of their first home, with a light and airy lounge/dining room and open-plan kitchen with integrated oven, hob and hood, a double bedroom, a bathroom and a handy storage cupboard off the internal entrance hallway.
Most plots feature private balconies, while all residents of the development can enjoy the benefits of a beautiful communal garden terrace.
A strictly limited number of apartments at the development is available with Taylor Wimpey’s Easy Start shared equity scheme, which lets qualifying purchasers secure their property for just 85% of the full purchase price.
Ideally located in Thornton Heath, Croydon, 793 London Road is within easy reach of a wide range of shops and restaurants, a new sports and leisure centre and Thornton Heath railway station, which puts London Victoria only 25 minutes away.
Croydon town centre is just two miles from the new homes, providing an excellent array of trendy bars and places to eat, a wealth of shops and leisure facilities including the Centrale shopping centre, the Clocktower theatre, Croydon Sports Arena and a choice of cinemas and dance venues.
The Sales Centre at 793 London Road is open Friday to Monday from 11am to 6pm and from 12pm to 7pm on Thursdays.
* Based on 85% of the full £139,995 purchase price of selected plots available with Easy Start shared equity. 5% customer deposit required and 15% equity from Taylor Wimpey is available as an interest-free loan repayable over a 10-year period.
** Assumes borrower is aged over 18. Loan of £111,396 over 30 years on a repayment mortgage basis and payment of £464.28 which is a discount variable pay rate for 2 years of 3.49% followed by lender’s standard variable rate of 4% with monthly payment of £496.59. Typical APR is 4.1%. A mortgage application fee of £257 is payable on application and a lenders arrangement fee of £499 will be added to the loan. All loans subject to status and valuation. Total amount payable is £208,196.56. E&OE.
