2 bedroom apartment for sale
Grand Avenue, BN3 2LS
Share percentage 25%, full price £500,000, £6,250 Min Deposit.
Share percentage 25%, full price £500,000, £6,250 Min Deposit.
Monthly Cost: £1,368
Rent £516,
Service charge £140,
Mortgage £712*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
If you're interested in buying an apartment through Shared Ownership at Grand Avenue, you'll need to meet the following criteria based on your situation:
- Have a yearly household income of under £80,000
- Be 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.
Summary
2 bed seafront apartments - ready to move into!
Description
At Grand Avenue our 2 bedroom Shared Ownership apartment mortgage deposits start from £3,281 and monthly costs are from £919 each when you share with a friend.* For a limited time only selected homes benefit from reduced monthly rents - save up to £191 each per month!†
Interested to find out more? Get in touch to find out more about what it means to buy a Shared Ownership property with a friend. Whether you're looking to speak to a financial advisor or a solicitor, or simply want visit our beautiful show homes, you can have it all.
Fresh start to a new life!
About Grand Avenue
2 bedroom Shared Ownership apartments on Hove's seafront.
Best Show Home winner - First Time Buyer Reader's Award 2023
Best Shared Ownership development winner - Evening Standard New Homes Awards 2023
Situated on Hove's seafront an only 2 minute walk away from the beach, Grand Avenue has been designed to create a welcoming community and has a relaxed seaside feel. Built to the highest quality standards, the apartments offer energy-efficient interiors and balcony or a terrace to every home. The development features landscaped grounds and a private residents' courtyard for you to enjoy. Homes benefit from clean and airy designs, high specification throughout and Bosch and Hoover integrated appliances.
Shared Ownership
Did you know the key benefits of Shared Ownership?
Low deposit - you only pay from 5% of the share you are buying.
Flexibility - you choose when you want to purchase extra shares.
Accessibility - with Shared Ownership you can get on the property ladder quicker and it helps you get the mortgage even with a lower income.
Watch out video below to find out more about Shared Ownership.
Eligibility Criteria
If you're interested in buying an apartment through Shared Ownership at Grand Avenue, you'll need to meet the following criteria based on your situation:
Have a yearly household income of under £80,000
Be 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
Next Steps
Register your interest and book your viewing.
*Deposits, monthly payments and monthly rent savings are calculated assuming 95% LTV mortgage and 6% interest rate and divided equally in two. Deposit and total monthly cost is subject to individual circumstances, affordability and the share purchased. Speak to a member of our Sales Team and financial advisor for more details.
†Reduced rents only apply on selected plots. Rents shown on the website are after the reduction. Rent increases annually and effective prior to 1st April each year based on the terms set out in the lease.
Key Features
Cycle stores
Balcony or terrace with every home
2 min walk from the beach*
Integrated Appliances
Stunning Designs
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure Brochure Price ListVirtual Tour
Video Tour
Map
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 25%, full price £500,000, £6,250 Min Deposit. Calculated using a representative rate of 5.26%
