Available through our resale shared ownership scheme, a 4th floor, one-bedroom apartment in Hove. 

  

Property description:

The property comprises a communal entrance, entry system, lift access, open plan kitchen and living area, kitchen with integrated and standalone appliances, one bedroom, family bathroom with shower over bath, hallway storage cupboard and a private roof terrace.  

The property also benefits from access to a communal garden and allocated parking. 

Lease: Commenced 2015 with 125-year term

Council Tax Band: Brighton & Hove Council – C

Approx. Gross Internal Area: 495.1sq.ft.

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 = £340,000

Percentage Share = 50%

Share Price = £170,000

*Monthly Rent = £390.18 (From April 01 £426.86)

*Monthly Service Charge = £150.75 (Paid to Stuart Radley Associates) 

**Monthly Mortgage Payment = £866

***Annual Household Income = £52,000

*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 (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 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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