2 bedroom apartment for sale
Picture House, Marketfield Way, RH1 1UF
Share percentage 40%, full price £360,000, £7,200 Min Deposit.
Share percentage 40%, full price £360,000, £7,200 Min Deposit
Monthly Cost: £1,670
Rent £608,
Service charge £260,
Mortgage £802*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Redhill, Surrey
Description
Well-presented two-bedroom apartment in Redhill for Shared Ownership. The property comprises a lounge area, a modern kitchen, and two bedrooms with built-in wardrobes and two bathrooms. This home would be the perfect first home for a small family or for young professionals working in London with an easy direct commute directly into the Center of London.
KID Document
Available for £144,000 for 40% share based on the marketing figure of £360,000.
Monthly rent - £607.87
Monthly Service Charge - £260.10
Total Monthly Charge - £867.97 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe location is desirable being close to both Redhill and Reigate town centres. Both offer an array of mainstream and private boutique shops along with entertainment, leisure and restaurant facilities. The property is constructed of traditional brick cavity with a pitched tile roof. The following mainline railways stations are nearby: Redhill (0.3 mi) Merstham (1.3 mi) Earlswood (Surrey) (1.4 m providing excellent commuter links into London.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - A
Years remaining on lease: 121
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two bedroom apartment
- Two bathrooms
- Balcony
- Close to local amenities
- 5% Deposit
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £360,000, £7,200 Min Deposit. Calculated using a representative rate of 5.03%
