2 bedroom apartment for sale
Russell Square, Russells Crescent, RH6 7GW
Share percentage 45%, full price £280,000, £6,300 Min Deposit.
Share percentage 45%, full price £280,000, £6,300 Min Deposit.
Monthly Cost: £1,286
Rent £418,
Service charge £166,
Mortgage £702*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Horley, Surrey
Description
Spacious and modern two-bedroom apartment now available in Horley through Shared Ownership.
The property comprises a large living room with access to a private balcony, an open-plan fitted kitchen and two bedrooms, one of which is ensuite. This could be ideal for a small family or a couple.
Underground parking available.
Available for £126,000 for 45% share based on the marketing figure of £280,000.
Monthly rent - £417.82
Monthly Service Charge - £166.24
Total Monthly Charge - £584.06 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationThe property is located in the heart of Horley, where all amenities are nearby as well as the railway station for easy transport.
Gatwick Airport is also just about a mile away, making this flat great for working at the airport or simply for frequent international travel.
There are also several schools in the area, many of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 89
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 (2015)
- Ensuite bedroom
- Undercroft parking
- Available for 45% 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 45%, full price £280,000, £6,300 Min Deposit. Calculated using a representative rate of 5.03%
