Share percentage 25%, full price £312,500, £3,906 Min Deposit
Monthly Cost: £1,060
Rent £537,
Service charge £99,
Mortgage £424*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
One-bedroom studio with separate commercial space and parking – available now through shared ownership
Description
Discover Lyon Quarter
Lyon Quarter offers a contemporary collection of stylish homes for sale in Brighton and Hove. These homes are available to buy through our Shared Ownership scheme. Situated around all that Brighton and Hove have to offer, our properties provide you with the perfect place to call your home.
This one-bedroom studio with connected work space is the smart solution for balancing life and business. With high specification interiors and a private outdoor space and access to stunning communal gardens. There is space in every home to flourish and opportunity on your doorstep, each day is an opportunity to live exactly how you’d like.
This development is car-free, meaning residents cannot apply for parking permits or use street parking nearby unless they purchase a home with a designated parking space. This policy complies with Local Authority planning conditions and cannot be changed by Guinness. Speak to Lyon Quarter's Sales Consultant for more information.
Shared Ownership
The Guinness Homes Shared Ownership scheme is another way to buy your home. You buy a percentage, pay rent on the rest and pay a service charge. Guinness Homes owns part of it – but you’re living there, you decorate it and decide when to sell.
Buying a smaller percentage means a smaller deposit and a smaller mortgage. It’s a sooner first step on the ladder for lots of people. If you can afford the re-calculated monthly repayments required (as assessed by us), you can even carry on buying further shares to own it 100%.
Why not enquire today and speak to our dedicated sales team to find out how Shared Ownership can work for you
Important info:
- Available to reserve now!
- Full purchase price: £ 312,500
- 25% share price: £78,125
- Monthly rent based on 25% share: £537.11
- Monthly service charge: £99.02
- Minimum share initially available: 25%
- Maximum share initially available: 75%
- Staircasing to 100% allowable
- Tenure: Leasehold
- Years remaining on lease: 990 years
- Council tax band: TBC new build
- Size: 81.15 sq.m.
- Apartment type: Type 05
Please note: A financial advisor or mortgage broker can confirm if you can afford less than the advertised share (still between 25-75%), then we can approve your Shared Ownership recommended share, provided you meet other eligibility requirements.
*CGIs are for illustration purposes
Key Features
Your Dedicated Workspace Includes:
- Large separate commercial area (Use Class E)
- Ideal for office, studio, consultation or creative uses
- Private access and open layout
This Classification Allows for A Wide Range Of Business Uses, Including:
- Office or studio work
- Consulting and service-based businesses
- Creative and digital enterprises
- Display retail and more
- Community & Amenities
Your Home Space Includes:
- Ground floor, 1 bedroom studio apartment
- Private outdoor space
- Contemporary open plan kitchen/living area
- Integrated oven with ceramic hob
- Sleek handless gloss cabinets in pearl grey
- Integrated fridge freezer and dishwasher included
- Decorated white matt finish throughout
- Carpet and flooring provided throughout
- Access to landscaped communal gardens
- City centre location
- Good transport links
- Allocated parking space
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: No
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Patio
Year property was built: 2024
Unit size: 50.44 sq.m.
Accessible measures: Yes - Level access, Lift access
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 25%, full price £312,500, £3,906 Min Deposit. Calculated using a representative rate of 4.78%
