Gumbrell Mews, Grove Court, Redhill

Available

Full price: £215,000 The full value of the property

Share value: 30% - £64,500

Estimated monthly cost*: £809

Estimated Monthly Mortgage*: £323

SO Resi Monthly Payment: £224.60 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge**: £261.01 Residents of a development pay this for maintenance of communal/external areas

* Costs shown are approximate and based on a mortgage APR of 3.99% over 25 years. Minimum 5% deposit shown. An independent financial adviser will help guide you through the process.

** Residents of a development pay this for maintenance of communal/external areas


Years on lease: 86

One bedroom apartment in good condition located in Redhill, RH1. Property comprises of entrance hall, open plan kitchen and lounge with balcony, bathroom and good sized double bedroom with fitted wardrobes. Also includes allocated parking and good storage.

 

 

Location

The location is desirable being close to both Redhill and Reigate town centres. Both offer an array of mainstream and private boutique shops along with entertainment, leisure and restaurant facilities. The property is constructed of traditional brick cavity with a pitched tile roof. The following mainline railways stations are nearby: Redhill (0.6 mi) Merstham (1.3 mi) Earlswood (Surrey) (1.4 m providing excellent commuter links into London.

Description

Key Features
• One bedroom apartment
• Balcony
• 10 minute walk from amenities
• Good transport links
• Allocated parking
• Communal grounds
• Good condition
• Good storage space
• Available for 30% share

Full Description

A one bedroom apartment located in Redhill available through Shared Ownership Scheme

Available for £64,500 for 30% share based on the marketing figure of £215,000

SO Resi Monthly Payment - £218.27
Monthly Service Charge - £243.77
Total Monthly Charge - £462.04 PLUS MORTGAGE REQUIRED FOR 30% SHARE
Minimum income requirement - £23,797


Buy more shares for a minimum of 10%

Incomes required are based on the following assumptions: Deposit 5% on the resale calculator, mortgage interest rate 2.99% & mortgage term 25 years.
Income required will be reduced if you have a higher deposit available.

One bedroom apartment in good condition located in Redhill, RH1. Property comprises of entrance hall, open plan kitchen and lounge with balcony, bathroom and good sized double bedroom with fitted wardrobes. Also includes allocated parking and good storage.

 

 

EPC Rating
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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