1 bedroom apartment for sale

Under Offer

Grove Court, Gumbrell Mews, RH1 1TG

£63,000 · Shared Ownership Resale

Share percentage 30%, full price £210,000, £3,150 Min Deposit.

Under Offer
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£63,000 Shared Ownership Resale

Share percentage 30%, full price £210,000, £3,150 Min Deposit.

Monthly Cost: £816
Rent £273, Service charge £184, Mortgage £359*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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Summary

A 1 bed shared ownership property available in Redhill, Surrey

Description

Modern & cosy one-bedroom apartment is now available in Redhill through Shared Ownership.

The property comprises a good-sized living room, an open-plan fitted kitchen, and a large bedroom. This could be ideal for a couple or a single person.

The bright and airy flat is on the fourth floor, located in a quiet building within thePark 25 development, with west-facing sunsetviews over the Surrey hills.Fantasticcommunal grounds, including play parksand a local corner shop.Heating is included in the service charge fee.

Available for £63,000 for 30% share based on the marketing figure of £210,000.

Monthly rent - £273.35
Monthly Service Charge - £183.94
Total Monthly Charge - £457.29 plus mortgage required for 30% share.

An annual rent increase takes place every April

Location

Outside is allocated parking space, visitor parking bays, and bike storage for the building. Multiple schools are nearby and a direct bus to Gatwick Airport, Crawley, and East Surrey Hospital.

10-minute walk to local amenities, including shops, doctors' surgery, veterinary surgery, dentists, library, cinemas, bus station, gym, and parks.

Redhill is a town located in the borough of Reigate and Banstead in Surrey, England. It sits at the junction of the A23 and A25, with the M25 and M23 motorways just three miles away. There is also a train station in the town with regular services to London. Redhill offers a range of amenities, including shops, bars, and restaurants. The high school is just a 10-minute walk from the flat, while the corner shop can be reached in five minutes. Sainsbury's and the gym are both a 15-minute walk away. For those using public transport, the bus stop is less than five minutes' walk from the flat, whilst the train and bus stations are just a 12-minute walk away.

Trains into London Victoria (45 mins), London Bridge (30 mins), Guildford (30 mins), Reading (1 hour), Gatwick Airport (10 mins), Luton Airport (1.5 hours)and Tonbridge (30 mins).Close to M25 and A217

EPC rating

Energy rating band - C
Environmental impact band - A

Layout and dimensions

Gross internal floor area: 48 m²
Living room: 5.18 x 4.34 m
Kitchen: 2.67 x 2.34 m
Bedroom: 3.81 x 2.74 m

Lease information

Years remaining on lease: 132

The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.

Key Features
    Particulars

    Tenure: Not specified
    Council Tax Band: Not specified

    Property Downloads
    Floor Plan
    Map
    Redhill (0.55 miles) Merstham (1.28 miles) Earlswood (Surrey) (1.43 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 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.

    £63,000
    Shared Ownership Resale
    Estimated Monthly Cost:£816
    Rent £273
    Service Charge £184
    Mortgage £359

    Share percentage 30%, full price £210,000, £3,150 Min Deposit. Calculated using a representative rate of 5.26%


    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.