Park House, 1 Hove Gardens, Hove, East Sussex, BN3 6AJ

Available for resale shared ownership, a modern and spacious, one-bedroom, fourth-floor apartment situated in a sought-after area of Hove.  Ideal for first time buyers!

  

Property description:

The property comprises a secure communal entrance with phone entry system, hallway with storage cupboard, kitchen with integrated appliances,  open plan kitchen/living room leading to a large private, south facing balcony with stunning views, large master bedroom, bathroom with shower over bath and underfloor heating.

 

The property also benefits from a designated car parking space in private car park and stunning communal gardens.

 

Length of Lease: Approx. 119 Years

Council Tax Band: Brighton & Hove Council – C

Gross Internal Area: 47m2

 

LOCAL AREA INFORMATION

• Situated in a sought-after area of Hove opposite the popular and picturesque Hove Park

• Within walking distance to Hove High Street which has local shops, restaurants and amenities

• Hove Train Station is located 0.3 miles from the apartment and offers direct services to; Brighton, London Victoria, Worthing and Portsmouth

• Brighton City Centre is located 2.1 miles from the property and is easily accessible. Brighton provides a wide variety of shops, restaurants, bars, entertainment and other amenities

 

FINANCIAL INFORMATION

Property Value = £335,000

Percentage Share = 50%

Share Price = £167,500

Monthly Rent = £345.97 *

Monthly Service Charge = £105.36 *

Monthly Mortgage Payment = £838 **

Annual Household Income = £46,000 ***

 

*Please note the rent and service charge is reviewed annually on the 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.  If you have a Help to Buy reference number, we will accept this as well.

 

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