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

  

Property description:

The property comprises a wheelchair accessible and communal entrance, entry system, open plan kitchen and living area, one bedroom, family bathroom with shower over bath and multiple storage spaces. 

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

Lease: Commenced 2007 with 999-year term

Council Tax Band: Brighton & Hove Council – B

Gross Internal Area: 484.376sq.ft.

LOCAL AREA INFORMATION

• Close proximity to local shops, school & amenities in the coastal town of Saltdean. 

• Excellent bus services to Brighton City Centre. 

• Brighton offers a wide variety of shops, restaurants, bars & amenities. 

• Brighton Train Station offers direct services to London Victoria, Gatwick Airport & Southampton. 

• Easy access to the A27 providing a direct route to the motorway network. 

FINANCIAL INFORMATION

Property Value = £225,000

Percentage Share = 35%

Share Price = £78,750

*Monthly Rent = £311.98 (From April 01 £341.31) 

*Monthly Service Charge = £203.28 (From April 01 £375.09)

**Monthly Mortgage Payment = £402.00

***Annual Household Income = £39,000

*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.

Read more...