2 bedroom apartment for sale

Available

Brook Road, RH1 6QS

£144,000 · Shared Ownership New Build

Share percentage 40%, full price £360,000, £7,200 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Just launched! 1 & 2 bed apartments available with Shared Ownership!
Floor plan
floor-plan
Floor plan
floor-plan
£144,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 40%, full price £360,000, £7,200 Min Deposit.

Monthly Cost: £1,566
Rent £495, Service charge £250, Mortgage £821*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Eligibility
  • Have a combined household income under £80,000 per annum
  • Not already own a property, or part of a property, at the time of completing on your purchase
  • Be unable to purchase a suitable home to meet your housing needs on the open market
  • Must have a living or working connection to the Borough of Reigate & Banstead
  • Have a minimum of £5,000 to cover the costs of buying a home
Summary

A vibrant community of contemporary Shared Ownership 1 and 2 bedroom apartments in Redhill, Surrey offering the perfect place to call home. Expected to be ready to move in Summer 2024.

Description

JUST LAUNCHED!

Perfectly in tune with modern living

A vibrant community of contemporary Shared Ownership one and two bed apartments in Redhill, Surrey offering the perfect place to call home.

Plot 8 is a 70.4 square metre, Two Bedroom First Floor Apartment with a private balcony and allocated parking at Albion Yard, Redhill, Surrey, available to purchase through Shared Ownership.

Available to purchase from a 40% share.

Financial Breakdown:

  • Full Market Value: £360,000
  • 40% Share Value: £144,000
  • 5% Deposit of 40% Value: £7,200
  • Rent on Unowned Share: £495 per month
  • Estimated Service Charge: £250.27 per month
  • Council Tax: TBC*

The brand-new apartments combine charming features and everyday conveniences while offering plenty of natural light and neutral décor, waiting for you to design as you wish. High speed fibre broadband access, a secure video entry system and stunning integrated appliances will make living at Albion Yard a delight.

Voted London’s second-best commuter town to live in, thanks to its superb transport links, prime location moments from the Surrey Hills and M25, as well as excellent education settings, Redhill has so much to offer. With a £90-million programme of investment in the town, now is the time to get on the property ladder and enjoy life at Albion Yard.

With over 35 daily direct services to London as well as the charms of the Surrey Hills right on your doorstep, Albion Yard truly offers the best of both worlds and is the perfect place to be.

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.

Shared Ownership Apartments at Albion Yard will be available to move into in Summer 2024.

For more information and to stay informed of launch updates please register your interest today.

*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.

LOCAL AREA

One of Surrey’s greatest assets is the Surrey Hills, a 422 km2 Area of Outstanding Natural Beauty and one of just 46 nationally protected landscapes in the UK – the perfect place for a peaceful walk or heart pumping cycle. Even closer to home is Redhill Common, which puts miles of footpaths through an array of woods and grasslands at your disposal. You couldn’t be better placed to explore the great outdoors.

You’ll be spoilt for shopping options, with the Belfry shopping centre (the hub of Redhill’s retail offering) and a host of well-known brands including a Marks & Spencer, H&M and Waterstones. You can also find a popular market three days a week, with the stalls complemented by an array of street food operators, on your local high street. More shops are available at the Warwick Quadrant, along with the Harlequin Theatre and Cinema – at the centre of Redhill’s cultural offering.

Albion Yard is perfectly connected to anywhere you want to explore. By road and rail, you’re superbly connected to both the surrounding area and Central London as Victoria and London Bridge stations are both readily accessible. While by road, your proximity to the M25 and M23 ensure that trips further afield are just as easy. With only an 8 minute train journey to Gatwick or a 39 minute drive to Heathrow, you will be able to explore often but will always call Albion Yard home.

WHAT IS SHARED OWNERSHIP?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.

Key Features

Key features:

  • Zanussi integrated appliances
  • Fitted wardrobe and en suite to bedroom one
  • Balcony
  • One allocated parking bay
  • Moments from the Surrey Hills
  • Voted London’s second-best commuter town to live in
  • Close to local amenities
  • Excellent transport links by road and rail
  • Premier 10 year building warranty
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Key Information Document Floor Plan Brochure Price List Energy Certificate
Map
Redhill (0.45 miles) Earlswood (Surrey) (0.48 miles) Reigate (1.52 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.

Read More Read Less
  • 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£144,000
Shared Ownership New Build
Estimated Monthly Cost:£1,566
Rent £495
Service Charge £250
Mortgage £821

Share percentage 40%, full price £360,000, £7,200 Min Deposit. Calculated using a representative rate of 5.26%


Development banner
Development
Albion Yard
View development
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.