1 bedroom apartment for sale
Tintern Bank, BN3 5GG
Share percentage 40%, full price £265,000, £10,600 Min Deposit.
Share percentage 40%, full price £265,000, £10,600 Min Deposit.
Monthly Cost: £265,638
Rent £265,000,
Service charge £100,
Mortgage £538*
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 2nd floor, one-bedroom apartment in Hove.
Description
Available through our resale shared ownership scheme, a 2nd floor, one-bedroom apartment in Hove.
Property description:
The property comprises a communal and wheelchair accessible entrance, entry system, lift access, open plan kitchen and spacious reception, kitchen with integrated appliances, private balcony, one bedrooms, bedroom includes built in wardrobe, family bathroom with shower over bath and utility room with ample room for storage.
The property also benefits from access to a communal bike shed and allocated parking.
Lease: Commenced 2022 with 999-year term
Council Tax Band: Brighton & Hove Council - B
Approx. Gross Internal Area: 414sq.ft.
FINANCIAL INFORMATION
Property Value = £265,000
Percentage Share = 40%
Share Price = £106,000
*Monthly Rent = £434.58
*Monthly Service Charge = £99.67
**Monthly Mortgage Payment = £542.00
***Annual Household Income = £37,000
*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
· Good transport links, Aldrington train station is a 7 minute walk, a bus route in and out of town is 2 minutes away and taxi’s are always close by.
· 3 parks local parks which feature a play area, green are and sports courts. The area is very green with lots of tree lined streets.
· Walking distance to the beach and Hove lagoon. Hove Beach Park will be finished soon and is a few streets away from the apartment.
· Nurseries, Hove Junior, West Hove, Blatchington, Hove park and Goldstone are all nearby.
· Close to several cafes, restaurants, pubs and bars. There are 3 local supermarkets within 5 mins walk and a Tesco superstore at the end of Portland road. Independent shops, food specialist, GP, dentist and Pharmacy are also near.
· Local to a Gym and local community halls/churches. Always communal activities going on.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
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 £265,000, £10,600 Min Deposit. Calculated using a representative rate of 4.64%
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