Available through our resale shared ownership scheme, a ground floor, three-bedroom apartment in Saltdean.

  

Property description:

The property comprises a wheelchair accessible, communal entrance with entry system, open plan kitchen and reception, kitchen with integrated and standalone appliances, three bedrooms, family bathroom with shower over bath, floor to ceiling windows, under-floor heating and hallway storage. 

The property also benefits from access to an affordable, on-site gym, roof gardens with views to the sea and communal parking.

Lease: Commenced 2009 with 125-year term

Council Tax Band: Brighton & Hove Council – C

Approx. Gross Internal Area: 994sq.ft.

LOCAL AREA INFORMATION

  • Part of the historic Grand Ocean Estate. The rear of the development is set back from the road, with trees, bushes and plant-filled gardens between the property and street level, giving a feeling of privacy.
  • There are plenty of local shops and cafes nearby, the seafront is just a 5-minute walk away where you can access the Undercliff coastal walk and the popular, Art Deco Saltdean Lido pool. Saltdean has a green park area central to the village and many downs walks, minutes away, including the South Downs way. Brighton city centre is approx. 15-minutes away on the coastal bus.
  • Nearby is a well-regarded primary school with a secondary school just a few miles away in Peacehaven.

FINANCIAL INFORMATION

Property Value = £300,000

Percentage Share = 25%

Share Price = £75,000

*Monthly Rent = £566.99

*Monthly Service Charge = £297.19

**Monthly Mortgage Payment = £383

***Annual Household Income = £44,000

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

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced. 

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an 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.

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