Leave renting behind with a new home in Croydon

Would-be first-time buyers could pay less than their monthly rent by taking their pick from the final choice of homes at Taylor Wimpey’s 793 London Road development of flats 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 in Thornton Heath – and discover how they could cut their monthly outgoings by owning a brand new Croydon flat!

One-bedroom flats for sale in Croydon within the sought-after collection of stylish contemporary homes are available now for first-time buyers from as little as £118,995* with Easy Start shared equity, which could mean mortgage repayments of less than £380** per month.

Susan Joseph, Sales Manager for Taylor Wimpey, says: “The fantastic value for money on offer for our high-quality homes at 793 London Road really does explode the myth that renting is cheaper than buying a brand new Croydon property.

“When you consider that the average cost of renting one-bedroom flats in Thornton Heath is £671*** 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, great-value properties at 793 London Road won’t be available for long. We only have 11 one-bedroom and two two-bedroom apartments in Croydon left, so first-time buyers will have to act quickly if they want to avoid missing out!”

Among the selection of new homes available to purchase now at 793 London Road is the stylish one-bedroom apartment at Plot 30, priced only £139,995 – or £118,995* with shared equity – and ideal for individuals or couples in search of their first home.

This third-floor apartment features a contemporary open-plan kitchen and a modern, bright and airy living space – perfect for entertaining and relaxing – which opens through patio doors to an attractive private balcony. A spacious bedroom, a main bathroom and plenty of storage space complete the apartment’s thoughtfully designed layout.

Under the incredible Easy Start shared equity initiative, qualifying first-time buyers can secure selected apartments for just 85% of the full listed purchase price!

All the lucky purchaser has to do is find a deposit for as little as 5%, subject to status, and Taylor Wimpey’s appointed independent financial advisors will help arrange a mortgage covering 80% of the price.

The remaining 15% equity is provided by the housebuilder in the form of an interest-free loan, which can be repaid in up to three instalments over a 10-year period at the market value of the property.

Alternatively, the delightful two-bedroom apartments available now boast en-suite facilities to master bedrooms.

All new homes at 793 London Road are finished to a high standard specification, including central heating, double-glazing and fitted kitchen with integrated oven, hob and hood.

Ideally located in Thornton Heath, 793 London Road is popular with a wide range of property-seekers including city commuters and 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.
** Assumes borrower is aged over 18. Price guide for monthly repayments on an interest only mortgage of £111,995 over 25 years based on an interest rate of 4% is £373.32. Not including application and arrangement fees. All loans subject to status and valuation.
*** According to the independent property search website findaproperty.com, the average monthly rent on a one-bedroom flat in Thornton Heath was £671 on 9th November 2010.