3 bedroom apartment for sale
133 Kingsway, Hove, BN3 2PU
Share percentage 30%, full price £600,000, £18,000 Min Deposit.
Share percentage 30%, full price £600,000, £18,000 Min Deposit
Monthly Cost: £2,343
Rent £1,108,
Service charge £342,
Mortgage £893*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a three-bedroom, shared-ownership apartment just minutes from the beach. This generously-sized and smartly-presented property is on the third floor of a recently-constructed development and has a spacious, dual-aspect reception with wood flooring and an open-plan kitchen area featuring stylish handle-less units and integrated appliances. There is a main bedroom with en-suite shower room plus a second large bedroom, a smaller third bedroom/study and an attractive, high-spec bathroom. A west-facing balcony provides a view of the sea. Well insulated walls, high performance glazing and underfloor heating fed from a communal hot water system, all contribute towards a very good energy-efficiency rating. A Co-op convenience store occupies the ground-floor retail unit, King Alfred Leisure Centre is opposite, nearby Church Road offers a fine selection of other shops and Hove Railway Station is within comfortable walking distance. The apartment comes with use of a communal cycle store.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £600,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/bdzmps9d]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/03/2020).
Minimum Share: 30% (£180,000).
Shared Ownership Rent: £1107.75 per month (subject to annual review).
Service Charge: £342.41 per month (subject to annual review).
Guideline Minimum Income: Dual - £77,700 (based on minimum share and 30% deposit £54,000) | Single - £79,000 (minimum share, 50% deposit £90,000).
Council Tax: Band D, Brighton & Hove City Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guide Dual Income £77.7k 30% deposit £54k
- Guide Single Income £79k 50% deposit £90k
- Third Floor (building has a lift)
- Approx. 1060 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- Very Good Energy Efficiency Rating
- Balcony with Sea View
- Minutes from the Beach
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes - Private Balcony
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 30%, full price £600,000, £18,000 Min Deposit. Calculated using a representative rate of 4.42%