2 bedroom apartment for sale

Under Offer

Burlescombe House, Burrage Road, RH1 1TL

£81,000 · Shared Ownership Resale

Share percentage 30%, full price £270,000, £4,050 Min Deposit.

Under Offer
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£81,000 Shared Ownership Resale

Share percentage 30%, full price £270,000, £4,050 Min Deposit.

Monthly Cost: £1,036
Rent £314, Service charge £271, Mortgage £451*

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 bright, modern, spacious two-bedroom apartment is now available in Redhill through Shared Ownership.

The property is on the ground floor comprises a private entrance to the flat, a living room, a separate modern kitchen, two bedrooms, and a bathroom. In a sense, the flat is self-contained.

One can also benefit from communal outdoor area and allocated parking at the front.This apartment could be ideal for couples and small families.

Available for £81,000 for 30% share based on the marketing figure of £270,000.

Monthly rent - £314.43
Monthly Service Charge - £270.72
Total Monthly Charge - £585.15 plus mortgage required for 30% share.

An annual rent increase takes place every April

Location

The propertyis situated approximately 0.6 miles north of Redhill town centre and benefits from close proximity to the M23 and M25. There are 5 schools within 1 mile. Which is perfect for families with small children. The nearest train station is Redhill (1.2 miles).

Layout and dimensions

Gross internal floor area: 63 m²
Living room: 5.11 x 3.73 m
Kitchen: 3.78 x 2.26 m
Bedroom 1: 4.29 x 2.18 m
Bedroom 2: 3.15 x 2.82 m

Lease information

Years remaining on lease: 132

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 off-street parking
  • Communal outdoor space
  • Good travel links
  • Available for 30% share
  • 5% minimum deposit only
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Redhill (0.50 miles) Merstham (1.28 miles) Earlswood (Surrey) (1.41 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

Read More Read Less
  • 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.

£81,000
Shared Ownership Resale
Estimated Monthly Cost:£1,036
Rent £314
Service Charge £271
Mortgage £451

Share percentage 30%, full price £270,000, £4,050 Min Deposit. Calculated using a representative rate of 5.03%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.