Available through our resale shared ownership scheme, a 2nd floor, one-bedroom apartment in Brighton.

  

Property description:

The property comprises a wheelchair accessible and communal entrance, entry system, concierge, lift access, kitchen with integrated appliances, spacious reception area, one bedroom, family bathroom with shower over bath, hallway storage cupboard and a balcony.

 

The property also benefits from access to a courtyard and a shared roof terrace.

 

Lease: Commenced 2015 with 125-year term

Council Tax Band: Brighton and Hove Council – C

Approx. Gross Internal Area: 607sq.ft.

 

LOCAL AREA INFORMATION

·       Great transport links into Central London from Brighton’s mainline railway station, nearby several directions of bus stops with buses that service the entire city.

·       In the catchment area for Nursery’s and primary school’s and Secondary Schools.

·       Situated in the centre of city which offers Brighton seafront, and a wealth of independent shops, cafes, restaurants, and bars are all on your doorstep.

 

FINANCIAL INFORMATION

Property Value = £285,000

Percentage Share = 50%

Share Price = £142,500

*Monthly Rent = £419.24

*Monthly Service Charge = £188.97

**Monthly Mortgage Payment = £728.00

***Annual Household Income = £48,000

 

*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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