1 bedroom apartment for sale

Available

115-117 London Road, RH1 2JG

£150,500 · Shared Ownership Resale

Share percentage 70%, full price £215,000, £7,525 Min Deposit.

Available
1 bedroom
£150,500 Shared Ownership Resale · Eligibility Eligibility

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

£
Eligibility

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
Brochure
Map
Redhill (0.61 miles) Merstham (1.24 miles) Earlswood (Surrey) (1.50 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£150,500
Shared Ownership Resale
Estimated Monthly Cost:£969
Rent £121
Service Charge £98
Mortgage £750

Share percentage 70%, full price £215,000, £7,525 Min Deposit. Calculated using a representative rate of 3.94%


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.