3 bedroom apartment for sale
Baltic View, Withyham Avenue, BN2 8GE
Share percentage 25%, full price £300,000, £7,500 Min Deposit.
Share percentage 25%, full price £300,000, £7,500 Min Deposit.
Monthly Cost: £1,245
Rent £567,
Service charge £297,
Mortgage £381*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a ground floor, three-bedroom apartment in Saltdean.
Description
Property description:
The property comprises a wheelchair accessible, communal entrance with entry system, open plan kitchen and reception, kitchen with integrated and standalone appliances, three bedrooms, family bathroom with shower over bath, floor to ceiling windows, under-floor heating and hallway storage.
The property also benefits from access to an affordable, on-site gym, roof gardens with views to the sea and communal parking.
Lease: Commenced 2009 with 125-year term
Council Tax Band: Brighton & Hove Council - C
Approx. Gross Internal Area: 994sq.ft.
FINANCIAL INFORMATION
Property Value = £300,000
Percentage Share = 25%
Share Price = £75,000
*Monthly Rent = £566.99
*Monthly Service Charge = £297.19
**Monthly Mortgage Payment = £383
***Annual Household Income = £44,000
*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
LOCAL AREA INFORMATION
· Part of the historic Grand Ocean Estate. The rear of the development is set back from the road, with trees, bushes and plant-filled gardens between the property and street level, giving a feeling of privacy.
· There are plenty of local shops and cafes nearby, the seafront is just a 5-minute walk away where you can access the Undercliff coastal walk and the popular, Art Deco Saltdean Lido pool. Saltdean has a green park area central to the village and many downs walks, minutes away, including the South Downs way. Brighton city centre is approx. 15-minutes away on the coastal bus.
· Nearby is a well-regarded primary school with a secondary school just a few miles away in Peacehaven.
Particulars
Tenure: Leasehold
Lease Length: 110 years
Council Tax Band: C
Property Downloads
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 25%, full price £300,000, £7,500 Min Deposit. Calculated using a representative rate of 4.64%
