1 bedroom apartment for sale
Harbour View, 4 Clarenden Place, BN41 1BF
Share percentage 30%, full price £260,000, £7,800 Min Deposit.
Share percentage 30%, full price £260,000, £7,800 Min Deposit.
Monthly Cost: £899
Rent £461,
Service charge £42,
Mortgage £396*
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.
Summary
Available through our resale shared ownership scheme, a first floor, one-bedroom apartment in Portslade.
Description
The apartment is newly built and comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, one bedroom, bathroom with shower over bath and hallway storage.
The property also benefits from a south facing view of Shoreham Harbour, access to a communal bike store and on street, first-come, first serve parking.
Lease: Commenced 2023 with 250-year term
Council Tax Band: Brighton & Hove Council - A
Approx. Gross Internal Area: 453sq.ft.
FINANCIAL INFORMATION
Property Value = £260,000
Percentage Share = 30%
Share Price = £78,000
*Monthly Rent = £460.67
*Monthly Service Charge = £42.47
**Monthly Mortgage Payment = £399
***Annual Household Income = £30,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- Ideally located with Boundary Road, Portslade’s busy and eclectic shopping street to the east. With multiple independent stores, post office and an array of well-known convenience and beauty brands. Creative, inventive, curious and unique shops, eateries, bars and entertainment venues pack the streets, rubbing shoulders with market stalls, well known brands, street performers and beautiful gardens.
- One of the great joys of living in Brighton and Hove is ready access to the South Downs National Park, with its rolling green pastures, ancient woodlands, river valleys and dramatic coastlines. Perfect whether you like to hike, cycle, run, picnic or relax.
- Brighton also has endless attractions to keep kids of all ages entertained, whether that’s the fairground rides on the seafront, Brighton Marina with its shows, dining and shopping options, or the history and culture of the Royal Pavilion and Garden.
- If you’re a water sports fan, head to Shoreham-by-Sea. The beach there is used by windsurfers and kite surfers, as well as being a favourite destination for walkers.
- Vale Park, Fishergate Park and Wish Park Playground are all close by. But if you’re a skater at heart, Hove Lagoon Skate Park is another nearby option.
- Whether you prefer to travel by foot, by bicycle, on the bus or by train, there are easy routes to essential destinations. Portslade is an ideal commuters’ location, whether you’re heading to Brighton, London, Gatwick or beyond. Regular trains take you directly to both Brighton and London. But you could just as easily cycle, run or walk to Brighton city centre. Alternatively hop onto one of the regular buses running from Portslade.
Particulars
Tenure: Leasehold
Lease Length: 249 years
Council Tax Band: A
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 £260,000, £7,800 Min Deposit. Calculated using a representative rate of 4.64%
