Share Price £63,000 (from 30% Min. Share)

Full Value £210,000 | £3,150 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Redhill - Surrey

place Grove Court, Gumbrell Mews, RH1 1TG

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One bedroom apartment in good condition located in Redhill


Description

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

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.


Ground Floor:
Communal entrance lobby with staircase and lift

Fourth Floor:
Private entrance hall with fitted storage cupboards

Bathroom with WC

Bedroom with fitted fitted wardrobe :
2.76 x 4.18.

Reception room:
5.26 x 4.36.

Kitchen:
2.69 x 2.34.

Outside:
Communal grounds and areas, including bin and bike stores. Allocated parking space. Additional visitor parking spaces.

Energy Rating Band - C
Environmental Impact Band - A


Key Features

One bedroom
Top floor
Storage
Allocated parking
Great views
Lift
Communal grounds
Great condition
Available for 30% share


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Calculate Monthly Cost

Share price
£ 63,000
Min. £63,000
Share percentage
Min. 30%
Your deposit
Min. £3,150
Monthly cost*
£774
Cost breakdown
£220
Rent
£240
Service charge
£314
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.