Share Price £144,000 (from 45% Min. Share)
Full Value £320,000 | £14,400 Min. Deposit
Scheme: Shared Ownership Resalescheck_circle Available now
2 bedroom apartment in Brighton - City of Brighton and Hove
place The Barrows, Francis Street, BN1 4ZJ
Available through a shared ownership resale scheme, a well presented and spacious duplex, two bedrooms flat with balcony in a modern development in central Brighton.
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
The Barrows, Francis Street, Brighton, East Sussex, BN1 4ZJ
The property comprises of a bright secure communal entrance with phone entry system & lift access to the third floor, dual aspect windows in an open plan living/dining room area leading out to a private balcony. A modern fitted kitchen with inbuilt oven and hob. Two large storage cupboards in hallway. A double bedroom and a master bedroom, family bathroom with shower over bath.
The property also benefits from underfloor heating and secure bike storage.
Vacant possession & chain free
Length of Lease: Approx. 118 Years
Council Tax Band: Brighton & Hove Council - C
Gross Internal Area: 86m2
Property Value = £320,000
Percentage Share = 45%
Share Price = £144,000
Monthly Rent = £366.86 *
Monthly Service Charge = £70.93 *
Monthly Mortgage Payment = £367 **
Annual Household Income = £41,000 ***
*Please note the rent and service charge is reviewed annually on the 01 April.
** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Contact us now to arrange a viewing:
Please call the Sales Team on 0345 606 1221 and providethe following information:
Your Contact Number/Email
Your Hyde New Homes or Help to Buy reference number**
Your Deposit for the mortgage
If it is a Single/Joint application (if married it must be joint)
Your Current salary (single/Joint where applicable)
Do you have any children? If so, how many?
Do you own any pets? If so, what?
Are you a current homeowner?
**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application. A reference number will be emailed to you once the application is completed. If you have a Help to Buy reference number, we will accept this as well.
• Situated in the heart of Brighton as part of the Open Market regeneration.
• Within proximity to the popular & famous Brighton Lanes & Brighton Seafront and Preston Park is close by.
• Brighton City Centre offers a wide variety of shops, restaurants, bars, entertainment and other amenities.
• Close to Bus links across Brighton City, Brighton Train Station is located 0.4 miles from the property and offers direct services to; London Victoria & London Cannon Street via Gatwick Airport, Ashford International, Southampton Central, Seaford & Hove.
• Within proximity of local primary/secondary schools.
Download DocumentsEnergy Certificate
C – Lifetime Homes
Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.