Available through our resale shared ownership scheme, a first floor, one-bedroom apartment in Portslade.

  

Property description:

The apartment is newly built and comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, one bedroom, bathroom with shower over bath and hallway storage. 

The property also benefits from a south facing view of Shoreham Harbour, access to a communal bike store and on street, first-come, first serve parking.

Lease: Commenced 2023 with 250-year term

Council Tax Band: Brighton & Hove Council – A

Approx. Gross Internal Area: 453sq.ft.

LOCAL AREA INFORMATION

  • Ideally located with Boundary Road, Portslade’s busy and eclectic shopping street to the east. With multiple independent stores, post office and an array of well-known convenience and beauty brands. Creative, inventive, curious and unique shops, eateries, bars and entertainment venues pack the streets, rubbing shoulders with market stalls, well known brands, street performers and beautiful gardens. 
  • One of the great joys of living in Brighton and Hove is ready access to the South Downs National Park, with its rolling green pastures, ancient woodlands, river valleys and dramatic coastlines. Perfect whether you like to hike, cycle, run, picnic or relax.
  • Brighton also has endless attractions to keep kids of all ages entertained, whether that’s the fairground rides on the seafront, Brighton Marina with its shows, dining and shopping options, or the history and culture of the Royal Pavilion and Garden.
  • If you’re a water sports fan, head to Shoreham-by-Sea. The beach there is used by windsurfers and kite surfers, as well as being a favourite destination for walkers.
  • Vale Park, Fishergate Park and Wish Park Playground are all close by. But if you’re a skater at heart, Hove Lagoon Skate Park is another nearby option.
  • Whether you prefer to travel by foot, by bicycle, on the bus or by train, there are easy routes to essential destinations. Portslade is an ideal commuters’ location, whether you’re heading to Brighton, London, Gatwick or beyond. Regular trains take you directly to both Brighton and London. But you could just as easily cycle, run or walk to Brighton city centre. Alternatively hop onto one of the regular buses running from Portslade.

FINANCIAL INFORMATION

Property Value = £260,000

Percentage Share = 30%

Share Price = £78,000

*Monthly Rent = £460.67

*Monthly Service Charge = £42.47

**Monthly Mortgage Payment = £399

***Annual Household Income = £30,000

*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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