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£63,000
This superb modern home is available to buy from as little as £63,000 with a 35% share!
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £180,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £63,000 with a 35% share!
Offered for sale with no onward chain and situated on the third floor, this attractive one bedroom apartment offers comfortable and convenient living in a central Redhill location. The property features a bright and spacious open plan living and dining area, ideal for both relaxing and entertaining. The fitted kitchen is thoughtfully arranged with ample storage and worktop space, while the generously sized double bedroom provides a peaceful retreat. A modern bathroom completes the accommodation.
Buckland Court is ideally positioned within easy reach of Redhill town centre, offering a wide range of shops, supermarkets, cafés, restaurants, and leisure facilities. The area benefits from green open spaces and parks nearby, perfect for outdoor activities and relaxation. Redhill also offers a cinema, gym facilities, and a variety of everyday conveniences.
The property enjoys excellent transport connections. Redhill railway station is within walking distance, providing fast and frequent services to London, Gatwick Airport, Brighton, and surrounding towns. For drivers, the M23 and M25 motorways are easily accessible, offering straightforward road links across the South East. Gatwick Airport is also just a short journey away.
PRICING & AFFORDABILITY
Full Market Value: £180,000
35% Share Price: £63,000 (rent £379.24pcm)
Minimum 5% Mortgage Deposit (35% share): £3,150
Approximate Service Charges: £291.96pcm*
Lease: 131 years remaining
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership