1 bedroom apartment for sale
Picture House, Marketfield Way, RH1 1UF
Share percentage 40%, full price £245,000, £4,900 Min Deposit.
Share percentage 40%, full price £245,000, £4,900 Min Deposit.
Monthly Cost: £1,064
Rent £424,
Service charge £94,
Mortgage £546*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Redhill, Surrey
Description
This bright, well decorated, modern one bedroom apartment is now available in Redhill through Shared Ownership.
The property on the first floor comprises of an entrance hall, a living room with a dinning area, a modern open plan kitchen, a large bedroom, and a bathroom.
Outside, there is a private balcony, accessible from the living room. Perfect for couples or singles.
Key Information Document
Available for £98,000 for 40% share based on the marketing figure of £245,000.
Monthly rent - £423.79
Monthly Service Charge - £94.34
Total Monthly Charge - £518.13 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe location is desirable being close to both Redhill and Reigate town centres. Both offer an array of mainstream and private boutique shops along with entertainment, leisure and restaurant facilities. The property is constructed of traditional brick cavity with a pitched tile roof. The following mainline railways stations are nearby: Redhill (0.3 mi) Merstham (1.3 mi) Earlswood (Surrey) (1.4 m providing excellent commuter links into London.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
Years remaining on lease: 119
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
- One-bedroom apartment
- Private balcony
- City centre of Redhill
- Great transport links
- Available for 40% 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 40%, full price £245,000, £4,900 Min Deposit. Calculated using a representative rate of 5.03%
