Full price: £200,000 The full value of the property
Share value: 30% - £60,000
Estimated monthly cost*: £730
Estimated Monthly Mortgage*: £301
SO Resi Monthly Payment: £210.20 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £218.99 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate, mortgage figures are shown for illustration purposes only and use a guide interest rate of 3.99%. The actual rate will depend on your circumstances and you should seek mortgage advice to establish a personalised illustration of your mortgage.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 86
The property is a one bedroom,second floor flat within a five storey development of 19 flats that forms part of a security gated residential development in Redhill, Surrey. Located to the south of London, the property falls under the Reigate and Banstead Borough Council.
- Minimum income requirement £22,129
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
The property is within reasonable driving distance of the nearest rail mainline station; Redhill, with services into central London. The property is also within reasonable travelling distance of the local shopping and recreational facilities with the area.
A one bedroom second floor apartment located in Redhill available through the Shared Ownership Scheme.
Available for £60,000 for 30% share based on the marketing figure of £200,000.
SO Resi Monthly Payment - £210.20
Monthly Service Charge - £218.99
Total Monthly Charge - £429.19 PLUS MORTGAGE REQUIRED FOR 30% SHARE
Entryphone system to communal Hallway
Passenger Lift and Stairwell
3.967m x 2.516m
Reception Room with Separated kitchen
3.953m x 2.343m with 2.971m x 1.759m
Bathroom with WC
2.048m x 1.927m
One allocated parking space
Energy Rating Band - B
Environmental Impact Band - A
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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