Share Price £75,000 (from 30% Min. Share)

Full Value £250,000 | £3,750 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Redhill - Surrey

place Grove Court, Gumbrell Mews, RH1 1TG

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Spacious two bedroom apartment in Surrey


Description

Spacious two bedroom apartment in Surrey. This apartment comprises of two double bedrooms, modern kitchen, lounge with balcony and bathroom with shower over bath. The property also includes allocated parking with visitor bays and shared bike storage unit.

A two bedroom second floor apartment located in Surrey available for sale through the Shared Ownership Scheme.

Available for £75,000 for 30% share based on the marketing figure of £250,000.

SO Resi Monthly Payment - £299.50
Monthly Service Charge - £284.29

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.

The property is located in Redill. Redhill is a town in the borough of Reigate and Banstead in Surrey, England. Redhill is at the junction of the A23 and A25 and the M25 and M23 motorways are within three miles. There is also a train station with regular services to London. The town is home to a number of amenities including; shops, bars and restaurants. High school 10 minutes walk from flat, corner shop five minutes walk , Sainsburys and Gym 15 minute walk. Bus stop less than five minutes walk from the flat, train and bus station station 12 minute walk.


Key Features

Two bedrooms
Second floor
Balcony
Secure entry phone system
Good condition
Close to station and facilities at Redhill
Available for 30% share


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Calculate Monthly Cost

Share price
£ 75,000
Min. £75,000
Share percentage
Min. 30%
Your deposit
Min. £3,750
Monthly cost*
£958
Cost breakdown
£300
Rent
£284
Service charge
£374
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.