2 bedroom apartment for sale
Barrow Gardens, Redhill, RH1 1TP
Share percentage 60%, full price £260,000, £7,800 Min Deposit.
Share percentage 60%, full price £260,000, £7,800 Min Deposit
Monthly Cost: £1,478
Rent £282,
Service charge £349,
Mortgage £847*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Redhill, Surrey
Description
Bright and spacious two-bedroom flat now available in Redhill through Shared Ownership.
The property features an open plan living room and kitchen, two bedrooms and two bathrooms. It also comes with a private patio which can be accessed through the living room and main bedroom.
The property also offers allocated undercroft parking space, with additional parking in front.
Available for £156,000 for 60% share based on the marketing figure of £260,000.
Monthly rent - £282.43
Monthly Service Charge - £349.44
Total Monthly Charge - £631.87 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe property sits in a residential area in Redhill with lots of convenient amenities nearby. Local supermarkets, gyms, and healthcare facilities are all within easy reach, with a medical centre just half a mile away and a hospital approximately 1.9 miles from the property.
Memorial Park provides green space for outdoor activities, while families have access to primary and secondary schools within walking distance. Commuting around the area is quite easy, with most amenities accessible within a 5 to 10-minute drive.
Redhill Station, offers direct services to London Victoria and London Bridge in around 30-40 minutes. The M25 motorway is also close by, making travel by car convenient. Gatwick Airport, approximately a 15-minute drive away, provides national and international travel options, making the area well-suited for commuters.
EPC ratingEnergy rating band - C
Environmental impact band - A
Lease informationYears remaining on lease: 131
In certain cases, 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
- Two-bedroom flat
- Central London >1hr
- Close to M25
- Allocated parking
- Available for 25% share
- 5% minimum deposit
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 60%, full price £260,000, £7,800 Min Deposit. Calculated using a representative rate of 4.78%