1 bedroom apartment for sale
The Courtyard, Circus Street, Brighton, BN2 9AL
Share percentage 25%, full price £310,000, £7,750 Min Deposit.
Share percentage 25%, full price £310,000, £7,750 Min Deposit.
Monthly Cost: £1,453
Rent £694,
Service charge £366,
Mortgage £393*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This generously-sized and smartly-presented apartment is on the first floor and appears in excellent condition throughout. The property has a spacious reception room with attractive flooring and a semi-open-plan kitchen featuring sleek, handle-less units and integrated appliances. A sliding door leads out onto good-sized balcony with quiet, courtyard-facing aspect. There is an additional Juliette balcony in the bedroom, some useful built-in storage in the entrance hallway and a simple yet stylish bathroom. The energy-efficiency rating is very good, thanks to well insulated walls, high performance glazing and underfloor heating supplied from a communal hot water system. Victoria and Valley Gardens are just minutes away and the city centre, railway station and beach are all easily accessible.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £310,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/2yvjaj56]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2019).
Minimum Share: 25% (£77,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £694.49 per month (subject to annual review).
Service Charge: £366.14 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £49,300 | Single - £54,600 (based on minimum share and 10% deposit).
Council Tax: Band B, Brighton & Hove City Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property however the vendors inform us that on-street parking is available.
Key Features
- Guideline Minimum Deposit £7,750
- Guideline Income £49.3k Dual | £54.6k Single
- First Floor with Balcony
- Approx. 597 Sqft Gross Internal Area
- High Performance Glazing
- Communal Heating and Hot Water System
- Quiet, Courtyard-Facing Aspect
- City Centre/Station/Beach Easily Accessible
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: B
Property Downloads
Floor Plan BrochureMap
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 25%, full price £310,000, £7,750 Min Deposit. Calculated using a representative rate of 4.64%