£60,000

This bright, modern one-bedroom apartment is now available in Redhill through Shared Ownership.

The property on the second floor comprises an entrance hall, a spacious living room, a modern kitchen, a double bedroom with a fitted wardrobe, a bathroom and two large storage cupboards.

Outside, there is private allocated parking, a lift and secure bike storage. The service charge includes hot water, heating, and communal area maintenance. Perfect for couples or singles.

No ground rent

Available for £60,000 for 30% share based on the marketing figure of £200,000.

Monthly rent - £279.56
Monthly Service Charge - £333.24
Total Monthly Charge - £612.80 plus mortgage required for 30% share.

An annual rent increase takes place every April

The property is situated approximately 0.6 miles north of Redhill town centre. The town centre has various shops, cafes, and restaurants to enjoy a nice meal or grab a coffee with friends and family. Parks and open spaces are nearby, providing a lovely spot for walks.

Redhill has good schools, making it a great place for families. Five schools are within 1 mile. The nearest train station is Redhill (0.6 miles), which is a 10-minute walk from the property. From this station, you can be in London in 30 minutes and at Gatwick in 8 minutes. It benefits from close proximity to the M23 and M25, which is perfect for commuters.

Energy rating band - B

Environmental rating band - B

Low Council band - C

Years remaining on lease: 81

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.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.