3 bedroom apartment for sale

Available

22a Victoria Terrace, Hove, BN3 2WB

£147,500 · Shared Ownership Resale

Share percentage 25%, full price £590,000, £14,750 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£147,500 Shared Ownership Resale

Share percentage 25%, full price £590,000, £14,750 Min Deposit.

Monthly Cost: £2,354
Rent £1,207, Service charge £399, Mortgage £748*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Three Bedroom Duplex Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A rare chance to buy a shared-ownership property in such an attractive period building, especially a three-bedroom duplex. Entry to the stylishly-presented flat is on the first floor with stairs leading up to the main hallway. The dual-aspect reception features a distinctive trio of oval windows along with no less than five sash windows. The room also includes an open-plan kitchen area with handle-less units and integrated appliances. There is a spacious double bedroom on this floor plus a smaller bedroom/study, a sleek, high-spec bathroom and a glass-sided roof terrace. The top floor is devoted to a main bedroom with en-suite bathroom and private balcony. Internal insulation and high performance glazing help bring energy-efficiency up to modern standards. The development has a communal cycle store, is just minutes from the beach, there are shops, cafes, a leisure centre and supermarket nearby and Hove Railway Station is within comfortable walking distance. A short bus ride along the sea front is all it takes to reach Brighton's shopping district and various other amenities such as the concert hall and art gallery.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £590,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2ahtkbue]

(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 21/12/2020).
Minimum Share: 25% (£147,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £1206.53 per month (subject to annual review).
Service Charge: £399.22 per month (subject to annual review).
Guideline Minimum Income: Dual - £78,100 (based on minimum share and 30% deposit £44,250) | Single - £79,200 (based on minimum share and 55% £81,125 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 (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guide Min Income Dual £78.1k (30% £44k Deposit)
  • Guide Min Income Single £79.1k (55% £81k Deposit)
  • Second and Third (Top) Floor
  • Approx. 1034 Sqft Gross Internal Area
  • Attractive Period Building
  • Two Bathrooms
  • Private Terrace plus Balcony
  • Minutes from the Beach
Particulars

Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Map
Hove (0.78 miles) Aldrington (0.91 miles) Brighton (1.49 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£147,500
Shared Ownership Resale
Estimated Monthly Cost:£2,354
Rent £1,207
Service Charge £399
Mortgage £748

Share percentage 25%, full price £590,000, £14,750 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.