2 bedroom apartment for sale
Martello Place, 7 Station Approach, BN25 2AS
Share percentage 40%, full price £235,000, £9,400 Min Deposit.
Share percentage 40%, full price £235,000, £9,400 Min Deposit.
Monthly Cost: £1,157
Rent £433,
Service charge £247,
Mortgage £477*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in Seaford.
Description
This sea view apartment comprises a communal entrance with video entry system, open plan kitchen and reception, kitchen with integrated appliances, two bedrooms, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a large and secure storage unit in the building and allocated parking.
Lease: Commenced 2018 with 999-year term
Council Tax Band: Lewes Council - B
Approx. Gross Internal Area: 679sq.ft.
FINANCIAL INFORMATION
Property Value = £235,000
Percentage Share = 40%
Share Price = £94,000
Monthly Ground Rent = £20.83
*Monthly Rent = £432.64
*Monthly Service Charge = £246.99
**Monthly Mortgage Payment = £480
***Annual Household Income = £41,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- Situated in the popular area of Seaford, East Sussex and a few yards from Seaford Town Centre.
- Central location, close to local amenities, a 5-minute walk to the beach, plenty of walks, parks and outdoor spaces to enjoy.
- A good choice of local nursery, secondary and primary schools. The nearest is Seaford Primary School approximately 550 yards away, and Seaford Head School approximately 0.8 miles away. Nursery schools include Micklefield Nursery School, Blue door nursery and Hopscotch Children’s Nursery.
- Seaford Medical Practice, approximately 130 yards away and East Sussex Special Dental Care Service 130 yards away.
- The nearest railway station is Seaford (Sussex), approximately 120 yards away. Brighton to Eastbourne Bus routes available
Particulars
Tenure: Leasehold
Lease Length: 993 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 £235,000, £9,400 Min Deposit. Calculated using a representative rate of 4.64%
