1 bedroom apartment for sale
Grove Court, Gumbrell Mews, RH1 1TG
Share percentage 30%, full price £210,000, £3,150 Min Deposit.
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
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
LocationOutside 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 ratingEnergy rating band - C
Environmental impact band - A
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
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 PlanMap
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 30%, full price £210,000, £3,150 Min Deposit. Calculated using a representative rate of 5.26%