1 bedroom apartment for sale
Grove Court, Gumbrell Mews, RH1 1TG
Share percentage 30%, full price £215,000, £3,225 Min Deposit.
Share percentage 30%, full price £215,000, £3,225 Min Deposit.
Monthly Cost: £807
Rent £276,
Service charge £163,
Mortgage £368*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Redhill, Surrey
Description
This bright, vibrant, spacious one bedroom apartment is now available in Redhill through Shared Ownership.
The property on the ground floor comprises of an entrance hallway, a spacious living room with a modern open plan kitchen, one large bedroom, a bathroom and a private terrace. Perfect for couples or a single person.
Outside there are communal outdoor spaces.
Available for £64,500 for 30% share based on the marketing figure of £215,000.
Monthly rent - £276.12
Monthly Service Charge - £163.11
Total Monthly Charge - £439.23 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationOutside is allocated parking space, visitor parking bays, and bike storage for the building. Multiple schools are nearby and a direct bus to Gatwick Airport, Crawley, and East Surrey Hospital.
10-minute walk to local amenities, including shops, doctors' surgery, veterinary surgery, dentists, library, cinemas, bus station, gym, and parks.
Redhill is a town located in the borough of Reigate and Banstead in Surrey, England. It sits at the junction of the A23 and A25, with the M25 and M23 motorways just three miles away.
Trains into London Victoria (45 mins), London Bridge (30 mins), Guildford (30 mins), Reading (1 hour), Gatwick Airport (10 mins), Luton Airport (1.5 hours) and Tonbridge (30 mins).Close to M25 and A217
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 82
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
- One bedroom apartment
- Modern kitchen
- Amenities closeby
- Good travel links
- Available for 30% 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 30%, full price £215,000, £3,225 Min Deposit. Calculated using a representative rate of 5.26%
