£63,000

Bright and modern one-bedroom apartment now available in Surrey, through Shared Ownership.

The property features an entrance hallway, a reception room, a kitchen, one bedroom and one bathroom.

The property offers residents an allocated parking space.

This property is advertised at an extended lease length.

Available for £63,000 for 35% share based on the marketing figure of £180,000.

Monthly rent - £379.24
Monthly Service Charge - £291.96
Total Monthly Charge - £671.20 plus mortgage required for 35% share.

An annual rent increase takes place every April

The property is situated in a quiet residential area just a short walk from Redhill town centre. The location offers easy access to a variety of local amenities including supermarkets, independent shops, gyms, and healthcare facilities - all within a 10 - 15 minute walk or a 5 - minute drive.

For outdoor enthusiasts, nearby parks and green spaces provide excellent spots for walking, jogging, or relaxing. The area also benefits from community services and leisure centres, making it a convenient and well-rounded place to live.

Redhill Station is less than a 10-minute walk from the property, offering frequent train services to London Victoria and London Bridge with journey times of approximately 30 – 40 minutes. Bus routes also connect the area to surrounding towns and villages.

Energy rating band - C

Environmental rating band - A

Years remaining on lease: 131

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.