1 bedroom apartment for sale
Talfourd Way, Royal Earlswood Park, RH1 6GF
Share percentage 35%, full price £250,000, £8,750 Min Deposit.
Share percentage 35%, full price £250,000, £8,750 Min Deposit.
Monthly Cost: £800
Rent £121,
Service charge £237,
Mortgage £442*
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 2nd floor, one-bedroom apartment in Surrey.
Description
The property comprises a wheelchair accessible and communal entrance, an entry system, kitchen with integrated appliances, reception area, one bedroom, family bathroom with shower over bath, two hallway storage cupboards, private loft space and newly fitted hallway carpet.
The property also benefits from access to a courtyard, bicycle storage and allocated parking with available guest parking.
Eligibility: Please note priority will be given to applicants that live or work or have direct family in Reigate & Banstead district.
Lease: Commenced 2003 with 125-year term
Council Tax Band: Reigate & Banstead Council – C
Approx. Gross Internal Area: 548sq.ft.
Prior to viewing: all applicants must be registered and approved by Hyde New Homes, and you will be required to carry out a shared ownership affordability assessment.
FINANCIAL INFORMATION
Property Value = £250,000
Percentage Share = 35%
Share Price = £87,500
Monthly Rent = £121.26
Monthly Service Charge = £236.54
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
- Set in a quiet residential area, close to local shops restaurants and take-aways. Redhill Town Centre is only a short drive away with an excellent range of shops, health facilities and restaurants.
- Earlswood and Redhill train stations provide easy access to central London and Gatwick Airport is approx. a 15-minute drive away. There are local bus routes in proximity that goes through the main road connecting Merstham, Redhill and Reigate.
- There are good local primary and middle schools in walking distance including St Johns Primary and Reigate Secondary. Royal Earlswood Park is a nearby green space for residents to enjoy.
Particulars
Tenure: Leasehold
Lease Length: 104 years
Council Tax Band: C
Property Downloads
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 35%, full price £250,000, £8,750 Min Deposit. Calculated using a representative rate of 4.59%
