Available for resale shared ownership, a beautifully presented modern two-bedroom, second floor apartment is simply not one to be missed.

  

Property description:

This property comprises communal entrance, lift to the second floor, private front door, within the apartment there are two well-sized double bedrooms, family bathroom, an open plan dining, lounge and kitchen area with stand-alone appliances leading to a balcony.

This apartment also benefits from an allocated parking space in a secure gated underground parking garage, underfloor heating, triple glazing and communal garden.

 

Length of Lease: Approx. 118 Years

Council Tax Band: Brighton and Hove Council – D

Gross Internal Area: 68m2

 

LOCAL AREA INFORMATION

 

  • Old Shoreham Road in Hove is in the South East region of England. The postcode is within the Hove Park ward/electoral division, which is in the constituency of Hove.
  • Close to a large Waitrose, and also 15 minutes away from Tesco Extra,
  • The nearest railway station is Hove, approximately 470 yards away.
  • Bilingual Primary School – Brighton & Hove, approximately 650 yards away and Hove Park School and Sixth Form Centre, approximately 710 yards away.

 

FINANCIAL INFORMATION

Property Value = £450,000

Percentage Share = 40%

Share Price = £180,000

*Monthly Rent = £536.41

*Monthly Service Charge = £156.12

**Monthly Mortgage Payment = £900

***Annual Household Income = £60,000

 

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed. 

Read more...