2 bedroom apartment for sale
Lyon Close, BN3 1RX
Share percentage 25%, full price £450,000, £5,625 Min Deposit.
Share percentage 25%, full price £450,000, £5,625 Min Deposit.
Monthly Cost: £1,601
Rent £773,
Service charge £201,
Mortgage £627*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
This stunning 2-bedroom apartment is now available through Shared Ownership at Lyon Quarter
Description
Discover Lyon Quarter
Lyon Quarter is a contemporary collection of stylish homes featuring studio, 1, 2 & 3 bedroom flats for sale in Brighton and Hove. These homes are available to buy through our Shared Ownership scheme. Situated around all that Brighton and Hove have to offer, our properties provide you with the perfect place to call your home.
Lyon Quarter offers a beautiful selection of apartments. With high specification interiors and a private balcony or private terrace and access to stunning podium gardens for all residents. There is space in every home to flourish and opportunity on your doorstep, each day is an opportunity to live exactly how you’d like.
Find a place of your own with these elegant Shared Ownership properties for sale in Brighton and Hove.
Shared Ownership
The Guinness Homes Shared Ownership scheme is another way to buy your home. You buy a percentage, pay rent on the rest and pay a service charge. Guinness Homes owns part of it – but you’re living there, you decorate it and decide when to sell.
Buying a smaller percentage means a smaller deposit and a smaller mortgage. It’s a sooner first step on the ladder for lots of people. If you can afford the re-calculated monthly repayments required (as assessed by us), you can even carry on buying further shares to own it 100%.
Why not enquire today and speak to our dedicated sales team to find out how Shared Ownership can work for you
Important info:
- Ready to move in now
- Full purchase price: £450,000
- 25% share price: £112,500
- Monthly rent based on 25% share: £773.44
- Monthly service charge: £200.91
- Minimum share initially available: 25%
- Maximum share initially available: 75%
- Staircasing to 100% allowable
- Tenure: Leasehold
- Years remaining on lease: 990 years
- Council tax band: TBC new build
- Apartment type: Type 18
Please note: A financial advisor or mortgage broker can confirm if you can afford less than the advertised share (still between 25-75%), then we can approve your Shared Ownership recommended share, provided you meet other eligibility requirements.
*Images are of our show home
*Correct as of October 2024, a survey conducted of over 137 providers of Shared Ownership revealed that Guinness Homes has the lowest payable reservation fee publicly available on websites and/or other marketing materials at £99 per Shared Ownership home. Prima Group require volunteer service instead of a reservation fee. Guinness Homes is a trading name of The Guinness Partnership Limited.
Key Features
- 3rd floor, 2-bedroom apartment
- Private terrace
- En suite to primary bedroom
- Contemporary open plan kitchen/living area
- Integrated oven with ceramic hob
- Sleek handless gloss cabinets in pearl grey
- Integrated fridge freezer and dishwasher included
- Decorated white matt finish throughout
- Carpet and flooring provided throughout
- Access to landscaped communal gardens
- City centre location
- Good transport links
- Lift in block
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure 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 £450,000, £5,625 Min Deposit. Calculated using a representative rate of 5.03%
