Share Price £115,000 (from 50% Min. Share)

Full Value £230,000 | £5,750 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Redhill - Surrey

place Flat 21 Nobel House, Queensway, RH1 1TX

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One bedroom apartment in town centre.


Eligibility

All applicants must be registered with Help to Buy South for Shared Ownership.

Though not essential, priority will be given to those who have a connection to Reigate and Banstead Borough Council.


Description

This 1 x bedroom first floor apartment is an ideal starter home in the sought after Queensway development in Redhill town centre.

Close to the station with great links to London and Brighton.

This property comprises: -

Open plan living space

Integrated fridge freezer, fitted oven, dishwasher, hob and extractor.

Double bedroom with a walk in wardrobe.

Bathroom with shower over bath


Key Features

  • Close to all local amenities
  • Large terrace communal garden
  • Lift to all floors
  • Secure door entry systems.
  • Large entrance reception.
  • High-speed fibre broadband

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Calculate Monthly Cost

Share price
£ 115,000
Min. £115,000
Share percentage
Min. 50%
Your deposit
Min. £5,750
Monthly cost*
£939
Cost breakdown
£249
Rent
£117
Service charge
£573
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.