Share Price £60,000 (from 30% Min. Share)

Full Value £200,000 | £3,000 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Surrey - Surrey

place Burrage Road, Redhill, RH1 1TL

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A one bedroom second floor apartment located in Redhill available through the Shared Ownership Scheme.


Description

Full Description

A one bedroom second floor apartment located in Redhill available through the Shared Ownership Scheme.
Available for £60,000 for 30% share based on the marketing figure of £200,000.

SO Resi Monthly Payment - £210.20
Monthly Service Charge - £218.99
Total Monthly Charge - £429.19 PLUS MORTGAGE REQUIRED FOR 30% SHARE
Minimum income requirement - £22,129

Buy more shares for a minimum of 10%


Property Details

Ground floor
Entryphone system to ommunal Hallway
Passenger Lift and Strairwell

Second Floor
Bedroom
3.967m x 2.516m
Reception Room with Separated kitchen
3.953m x 2.343m with 2.971m x 1.759m

Bathroom with WC
2.048m x 1.927m

Externally
One allocated parking space


EPC Rating

Energy Rating Band - B
Environmental Impact Band - A

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Key Features

  • One bedroom
  • Second floor flat
  • Good condition
  • Double glazed
  • Allocated parking space
  • Close to local amenities in Redhill

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 60,000
Min. £60,000
Share percentage
Min. 30%
Your deposit
Min. £3,000
Monthly cost*
£728
Cost breakdown
£210
Rent
£219
Service charge
£299
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.