1 bedroom apartment for sale
Saunders Park View, BN2 4FX
Share percentage 35%, full price £300,000, £10,500 Min Deposit.
Share percentage 35%, full price £300,000, £10,500 Min Deposit.
Monthly Cost: £1,171
Rent £466,
Service charge £172,
Mortgage £533*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
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.
- To purchase this 35% minimum share you will need a minimum joint household income of £46,431 and available savings of £5,250 for a 5% mortgage deposit.
Closing date for applications: 6th October 2023
Summary
Well Presented 1 Double Bedroom with Large Open Plan Kitchen and Living Room
Description
The current market value is £300,000 for 100%. The minimum 35% share available is priced at £105,000, current rent payable £466.20 pcm, rent is subject to annual reviews. Service charges are currently £171.82 pcm.
Viewings by appointment only. Once an affordability assessment has been carried out using SRC Financial Services please e-mail info@srcfinancial.com or call 020 3930 8476 to be assessed.
Once they confirm you meet the affordability, please contact resales@southernhousing.org.uk to arrange a viewing and to request this property application form
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Local information
The property is in a well-established, mixed-use area towards the North-Eastern perimeter of Brighton.
Lewes Road with its amenities, including an Aldi supermarket, is just a 5 minute walk away.
The property is well served by public transport links with regular bus services nearby and Moulescoomb train station a 10 minute walk away. Brighton University and local schools are also conveniently located nearby.
Key Features
1 Double Bedroom
Balcony
Comes with fitted blinds and netted voiles to give extra privacy of home to be sold
Communal gardens and vegetable and fruit patch
0.4miles to Moulescoombe Train Station
1.8 miles to Brighton Train Station
Great bus and bike links
10 minute cycle to Brighton pier
Flexible work and collaboration spaces
35 minute walk to Brighton Lanes
Particulars
Tenure: Leasehold
Lease Length: 245 years
Council Tax Band: Not specified
Property Downloads
Floor Plan 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 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.
Share percentage 35%, full price £300,000, £10,500 Min Deposit. Calculated using a representative rate of 4.64%
