2 bedroom apartment for sale
Marketfield Way, Redhill, RH1 1FG
Share percentage 25%, full price £340,000, £4,250 Min Deposit.
Share percentage 25%, full price £340,000, £4,250 Min Deposit.
Monthly Cost: £1,217
Rent £683,
Service charge £61,
Mortgage £473*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Redhill, Surrey
Description
Bright and modern apartment now available in Redhill through Shared Ownership.
The flat sits on the ground floor and comprises a large living room with open-plan kitchen, and two good-sized bedrooms. This could be ideal for a couple or a small family.
The property was built in 2020.
Available for £85,000 for 25% share based on the marketing figure of £340,000.
Monthly rent - £683.36
Monthly Service Charge - £61.48
Total Monthly Charge - £744.84 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located in a large residential block in the town centre of Redhill, south of London, with all amenities nearby and within walking distance.
Pubs, shops and restaurants are all a stone's throw away, and the railway station is just across the street.
Central London can be reached by train in about 40 minutes, and the motorways M25 and M23 are also close.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 244
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Modern building (2020)
- Close to railway station
- Ground floor
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £340,000, £4,250 Min Deposit. Calculated using a representative rate of 5.03%
