Drummond Roadin London
Flats
from £325 000
Price / ft2
from £445
Developer
Address
67 Drummond Road, Croydon, CR0 1GF
Drummond Road on the map of London
Mortgage in Drummond Road
Shared Ownership
Shared Ownership is a type of affordable homeownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
Standard eligibility criteria for Shared Ownership
- Be at least 18 years old.
- Annual household income must be less than £90,000 (In London).
- Annual household income must be less than £80,000 (Outside of London).
- Not allowed to own another home. If you already own another property (in the UK or abroad), you must be in the process of selling it.
- Not able to afford to buy a suitable home on the open market.
- Able to demonstrate that you are not in mortgage or rent arrears.
- Able to demonstrate a good credit history and show that you are able to afford the regular payments and costs involved in buying a home.
- Have savings or be able to access at least £4,000 to cover the costs of buying a home. (This is a guideline figure, the actual amount may vary.)
Please note: Eligibility criteria may vary per housing association and therefore you should always check the exact criteria with the developer or housing association responsible for the exploitation of the project.
Help to Buy
Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market with an equity loan (also known as shared equity) of up to 40% of the value of a new build home.
- Requires only 5% deposit
- Only a 55% mortgage required
- 40% Government equity loan (interest free for the first 5 years)
- Available on new build homes up with a value of up to £600,000
Eligibilty Criteria
Requirements:
- Minimum age of 18 years.
- Must be first-time buyer.
Not allowed:
- Owning a home or land anywhere in the world at any time.
- To have had any form of sharia mortgage finance.
- Owning a home bought with other people or inherited.
- Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
- Purchasing a second home
There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.
| Region | Full property price limit |
|---|---|
| East | £407,400 |
| East Midlands | £261,900 |
| London | £600,000 |
| North East | £186,100 |
| North West | £224,400 |
| South East | £437,000 |
| South West | £349,000 |
| West Midlands | £255,600 |
| Yorkshire and The Humber | £228,100 |
*Terms and conditions apply
Mortgage
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Investment Purchase unavailable
We checked the information and the developer's representatives confirmed that this residential complex does not offer this method of buying
Part Exchange unavailable
We checked the information and the developer's representatives confirmed that this residential complex does not offer this method of buying
Property Details
About the house
| 🟧 Tenure | Leasehold |
| 🟧 Height Classification | Mid-rise |
| 🟧 Quality Classification | High-end |
| 🟧 Number of floors | 5 |
| 🟧 Number of units | 28 |
| 🟧 Security & Safety | Audio access entry control system |
| 🟧 Number of buildings | 1 |
| 🟧 Off-plan property | No |
| 🟧 Property Type | Apartments |
| 🟧 Concierge | No |
| 🟧 Gym | No |
| 🟧 Swimming Pool | No |
| 🟧 Warranty | 10-year NHBC warranty |
About the units
| 🟧 Heating & Cooling | Gas-fired central heating, Wall-hung flat panel radiators, Heated towel rail to bathroom |
| 🟧 Electricity & Lighting | LED downlights throughout |
| 🟧 Walls & Ceilings | Walls and ceilings painted in Brilliant White matt |
| 🟧 Doors | Satin white internal doors, skirting and architraves |
| 🟧 Bathroom | China-white gloss full-height tiling above bath, basin and WC Tiled boxing to conceal WC cistern, basin and pipes coloured to match the walls, WC with slow close seat, Hand basin with a single tap, Bath with white bath panel, European oak countertop, Mirror fronted cabinet |
| 🟧 Floor | Rustic oiled oak parquet flooring laid to the entrance hall, living room and kitchen, Quartz Westex ultima twist carpet to bedrooms, Porcelain floor tiles to bathroom |
| 🟧 Kitchen | Super matt graphite base and tall units with Allgood holt oak handles, Handle-less super matt white wall units, Silestone worktops, China white gloss ceramic mixer tap, Stainless steel sink with chrome mixer tap, Bosch branded Appliances Include, Integrated electric oven, Integrated induction hob and recirculating hood, Integrated fridge/freezer, Washing/Dryer machine, LED strip lighting to all wall units |
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Where is Drummond Road located?
67 Drummond Road, Croydon, CR0 1GF.
What is the minimum price of a property in Drummond Road?
The minimum price at Drummond Road is £325 000 for 1BR.
How to buy an apartment in Drummond Road in London?
In this development you can buy apartments with a Shared Ownership, a Help to Buy, a Mortgage.