Russell Square, Horley, Surrey

Available

Full price: £270,000 The full value of the property

Share value: 75% - £202,500

Estimated monthly cost*: £1,323

Estimated Monthly Mortgage*: £1,014

SO Resi Monthly Payment: £145.97 The monthly payment you make for the share of the home that you don't own

Monthly Service Charge**: £161.68 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: 93

A modern first floor flat in good condition. The accommodation comprises of private entrance hall, bathroom with wc, two bedrooms and a kitchen/reception room. Outside there is a private balcony accessed via the reception area, as well as further well-kept communal grounds and areas. The property also benefits from communal bin and bike stores, undercroft allocated parking space, double glazing and heating/hot water from a communal system.

 

Location

Located within a modern residential development of similar properties within Horley town centre. Good access to town centre facilities and station, with M23 and M25 motorways readily accessible.

Description

Key Features
First floor flat
Two bedrooms
Private balcony
Undercroft allocated parking space
Secure entry phone system
Communal hot water and central heating
Close to station and facilities at Horley
Available on 75% Shared Ownership basis

Full Description

A two bedroom first floor located in Horley available through Shared Ownership Scheme

Available for 202500 for 75% share based on the marketing figure of £275,000
SO Resi Monthly Payment - £145.97
Monthly Service Charge - £161.68
Total Monthly Charge - £307.65 PLUS MORTGAGE REQUIRED FOR 75% SHARE
Minimum income requirement - £60,996

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.

A modern first floor flat in good condition. The accommodation comprises of private entrance hall, bathroom with wc, two bedrooms and a kitchen/reception room. Outside there is a private balcony accessed via the reception area, as well as further well-kept communal grounds and areas. The property also benefits from communal bin and bike stores, undercroft allocated parking space, double glazing and heating/hot water from a communal system.

 

Property Details

Ground Floor:
Communal entrance lobby with staircase and lift to:

First Floor:
Private entrance hall
Two storage cupboards
Airing cupboard.

Bathroom with WC

Bedroom 1:
2.71 x 5.20
Bedroom 2:
3.90 x 2.27

Living room with open plan kitchen:
Kitchen area:
3.79 x 3.20

Living area:
3.23 x 3.17.

Outside:
Private balcony off living room
Communal areas
Allocated parking space.


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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