One delighted buyer at Family Mosaic's Dakota House scheme in
Croydon is living up to the developer's name, if not to the
archetype of a first-time buyer: Ben Anawachagul has purchased a
two-bedroom flat with his mother. Ben, 20, and Sue Anawachagul have
taken advantage of Family Mosaic's shared ownership initiative to
buy a 25% share of the £169,000 flat, taking out a mortgage for
£42,250 and paying rent on the remaining 75% value with the option
of buying it over several years.
'This is great for both of us, so I'm doing this with and for my
mum,' Ben says. 'In a couple of years I hope to take out a full
mortgage and buy a place with my girlfriend, but having been in my
job a short while it would be too much for me at the moment. Shared
ownership is the perfect solution for us.'
Ben and Sue previously lived in Bournemouth and have been
renting in Croydon for the past six years. 'When we both got jobs
locally' - Ben as a Police Community Support Officer with the
Metropolitan Police and Sue with the Home Office - 'we decided the
time was right to take on a mortgage.
We looked at other developments, but they were overpriced and
too small. Then we found Dakota House on the internet, and the
timing was perfect. We now have a beautiful flat with great views
and a very good quality finish. We absolutely love it. And the
buying process was a really good experience - just six weeks from
viewing the flat to moving in.
The Anawachaguls' apartment features an open-plan kitchen/living
room and a private terrace. Its fixtures include a Zanussi
free-standing fridge/freezer, a washer/dryer, and Electrolux oven,
hob and extractor. Bathrooms feature wall-mounted thermostatic
shower mixers and Myson heated towel rails.
All of the properties at Dakota House have now sold, however,
Family Mosaic has another development in Croydon at 386 London Road
which has a range of stylish one and two bedroom shared ownership
apartments now available.
Apartments are completed to a superior specification with
kitchens equipped with integrated Zanussi fridge freezer, stainless
steel oven and hob, Indesit extractor fan and washer / dryer and
chrome ceiling spotlights. Bathrooms come complete with
contemporary white suites, chrome finish taps, steel white bath,
tiled flooring and fitted mirror. All apartments have laminated
flooring in the living room / kitchen, hallway and bedrooms and
access to the secure bicycle store and roof terrace, while a
selection of apartments have their own private garden.
To be eligible for the part-buy, part-rent scheme at London
Road, purchasers must be living or working in the Boroughs of
Croydon, Lambeth, Kingston, Richmond or Wandsworth and have a
household income of less than £60,000. Apartments are for
sale only to those purchasing an apartment as their first and only
home.
Prices for a one bedroom apartment at with balcony at London
Road start from £34,250 for a 25% share based on a full market
value of £137,000. For further information contact 020 7089
1315.