1 bedroom apartment for sale
115-117 London Road, RH1 2JG
Share percentage 70%, full price £215,000, £7,525 Min Deposit.
Share percentage 70%, full price £215,000, £7,525 Min Deposit.
Monthly Cost: £969
Rent £121,
Service charge £98,
Mortgage £750*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
You may be eligible for this property if:
· You have a gross household income of no more than £90,000 per annum when eligible to purchase.
· 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.
· To purchase this 70% minimum share you will need a minimum joint household income of £TBC and available savings of £7525 for a 5% mortgage deposit.
Summary
Optivo are delighted to offer for sale this well-presented 1 bedroom 2nd Floor Apartment
Description
This well decorated flat is on the top floor of a 3 storey period conversion. The accommodation consists of hall, lounge, kitchen, bedroom and bathroom with an approximate gross internal floor area of 60 sq. m and double glazed windows.
Local Information:
Set in a great location. 10 minute walk to Redhill station, which has fast direct trains into central London. Equal distance to the town centre that has numerous shops, restaurants a cinema and theatre! Highly ranked schools in close proximity.
Parking - large private Carpark to the rear in which you have an allocated space.
Viewings:
By appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail resales@optivo.org.uk for the vendor’s details.
If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@optivo.org.uk
Application forms need to be returned to Optivo asap
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
1 Bedroom Flat
Allocated Parking Space
Close to transport links
93 years remaining on lease
Property Downloads
BrochureMap
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 70%, full price £215,000, £7,525 Min Deposit. Calculated using a representative rate of 3.94%
