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2 bedroom apartment for sale

Available

Barrow Gardens, Redhill, RH1 1TP

£156,000 · Shared Ownership Resale

Share percentage 60%, full price £260,000, £7,800 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£156,000 Shared Ownership Resale

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

Location

The 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 rating

Energy rating band - C

Environmental impact band - A

Lease information

Years 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 Plan
Map
Redhill (0.48 miles) Merstham (1.31 miles) Earlswood (Surrey) (1.38 miles)
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

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.

£156,000
Shared Ownership Resale
Estimated Monthly Cost:£1,478
Rent £282
Service Charge £349
Mortgage £847

Share percentage 60%, full price £260,000, £7,800 Min Deposit. Calculated using a representative rate of 4.78%


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.