Available through our resale shared ownership scheme, a first floor, three-bedroom apartment in Hove.
Property description:
The property comprises a wheelchair accessible, communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, two private balconies, three bedrooms, W/C, family bathroom with shower over bath, underfloor heating and hallway storage.
The property also benefits from access to a communal garden, bicycle storage and allocated parking.
Lease: Commenced 2015 with 125-year term
Council Tax Band: Brighton & Hove Council – D
Approx. Gross Internal Area: 924sq.ft.
LOCAL AREA INFORMATION
• Much of the local area is easily accessible on foot or by bicycle. Brighton Beach, the Laines and Brighton Pavilion are all within 20 minutes by bicycle. Hove station is on the doorstep, Aldrington station is 10 minutes on foot and Portslade station 10 minutes by bicycle. A number of local amenities are also easily reached by car.
• Frequent rail services connect to Brighton, Burgess Hill, Gatwick, Eastbourne and London Victoria from Aldrington station and the A23/ M23 for London is just a short drive away.
• In the immediate orbit is Goldstone Retail Park where residents are catered for with an array of retail shops and restaurants, including a Lidl supermarket. Hove Park and Hove Recreation Ground is a great open space for walks and more vigorous exercise and Hove Beach is a mere 5 minutes by bicycle just south of Old Shoreham Road.
• En route to Hove Beach you can find George Street which provides a great mix of high street names, smaller independents, coffee shops and cafés. Further eastward from George Street you will find yourself in the heart of Brighton with its boutiques and big name stores, excellent eateries and destination shopping and fine dining at The Laines.
FINANCIAL INFORMATION
Property Value = £500,000
Percentage Share = 30%
Share Price = £150,000
*Monthly Rent = £925.48
*Monthly Service Charge = £303.74
**Monthly Mortgage Payment = £767
***Annual Household Income = £78,000
*Please note the rent and service charge is reviewed annually 01 April. Service Charge is paid direct to Stuart Radley Associates.
** 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.
