2 bedroom apartment for sale
133 Kingsway, Hove, BN3 2PU
Share percentage 30%, full price £475,000, £14,250 Min Deposit.
Share percentage 30%, full price £475,000, £14,250 Min Deposit.
Monthly Cost: £1,846
Rent £866,
Service charge £261,
Mortgage £719*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
An attractively-presented apartment on the fifth floor of a recently-constructed development just moments from the beach. The property has a twenty-one-foot reception room with wood flooring and open-plan kitchen area featuring stylish handle-less units and integrated appliances. A door leads out onto an east/south-east-facing balcony, the elevation affording a view of the sea and over the top of most of the neighbouring properties. There is a spacious main bedroom with en-suite shower room plus a second good-sized double bedroom, a high-spec bathroom and a pair of storage/utility cupboards in the entrance hallway. Well insulated walls, high performance glazing and a communal heating and hot water system have resulted in a very good energy-efficiency rating. A Co-op convenience store occupies the ground-floor retail unit, King Alfred Leisure Centre is opposite, nearby Church Road offers a fine selection of other shops and Hove Railway Station is within comfortable walking distance. The apartment comes with use of the communal cycle store.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £475,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mcndx3fp]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 22/11/2021).
Minimum Share: 30% (£142,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £865.90 per month (subject to annual review).
Service Charge: £261.30 per month (subject to annual review).
Guideline Minimum Income: Dual - £65,400 | Single - £75,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Brighton & Hove City Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted without prior written permission (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £14,250
- Guide Min Income Dual £65.4k | Single £75.4k
- Fifth Floor (building has a lift)
- Approx. 739 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Balcony
- Communal Cycle Store
- Minutes from the Beach
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
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 £475,000, £14,250 Min Deposit. Calculated using a representative rate of 4.59%