2 bedroom apartment for sale
Russell Square, Russells Crescent, RH6 7GW
Share percentage 45%, full price £275,000, £6,188 Min Deposit.
Share percentage 45%, full price £275,000, £6,188 Min Deposit.
Monthly Cost: £1,229
Rent £372,
Service charge £168,
Mortgage £689*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Redhill, Surrey
Description
This modern, stylish, well-decorated two-bedroom apartment is now available in Surrey through Shared Ownership.
On the second floor, the property comprises an entrance hall with storage, a living room with a modern open-plan kitchen, two bedrooms, and a bathroom.
The apartment has an allocated parking space and a private balcony. Ideal for couples and small families.
Available for £123,750 for 45% share based on the marketing figure of £275,000.
Monthly rent - £372.02
Monthly Service Charge - £168.24
Total Monthly Charge - £540.26 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationLocated within a modern residential development of similar properties within Horley town centre.
A 5-minute walk to Horley Train Station with links to London, Gatwick, and thewill be fantastic for work or just leisure, whilst Horley town centre with bus links and its plethora of shops, restaurants, and amenities is also on the doorstep.
Good schools are also close by. With M23 and M25 motorways readily accessible.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 58 m²
Living room & kitchen: 6.58 x 3.20 m
Bedroom 1: 5.16 x 2.74 m
Bedroom 2: 3.66 x 2.87 m
Years remaining on lease: 89
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
- Allocated parking space
- Private balcony
- Good travel
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 45%, full price £275,000, £6,188 Min Deposit. Calculated using a representative rate of 5.03%
