1 bedroom apartment for sale
The Chrome Works, BN3 7RJ
Share percentage 40%, full price £290,000, £11,600 Min Deposit.
Share percentage 40%, full price £290,000, £11,600 Min Deposit.
Monthly Cost: £1,284
Rent £505,
Service charge £193,
Mortgage £586*
Calculated using a representative rate of 4.59%
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 3rd floor, one-bedroom apartment in Hove.
Description
Available through our resale shared ownership scheme, a 3rd 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 reception, kitchen with integrated appliances, one bedroom includes built in wardrobe, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a private balcony and communal garden.
Lease: Commenced 2019 with 999-year term
Council Tax Band: Brighton & Hove Council - B
Approx. Gross Internal Area: 525sq.ft.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
FINANCIAL INFORMATION
Property Value = £290,000
Percentage Share = 40%
Share Price = £116,000
Monthly Rent = £505.47
Monthly Service Charge = £193.03
Please note the rent and service charge is reviewed annually 01 April.
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
· Walking distance to Hove station, which provides frequent trains to Brighton, Gatwick Airport, London, Worthing, Littlehampton, Chichester, Portsmouth and Southampton.
· Nearby Hove Park which offers football pitches, tennis courts, various fitness training programs, park run and a cafe.
· Local supermarkets including Lidl, Waitrose and Tesco.
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 £290,000, £11,600 Min Deposit. Calculated using a representative rate of 4.59%
