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

  

Property description:

The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, private balcony, three bedrooms, master bedroom with ensuite, family bathroom with shower over bath, underfloor heating throughout and walk-in hallway storage. 

The property also benefits from access to a communal roof terrace.

Lease: Commenced 2015 with 125-year term

Council Tax Band: Brighton & Hove Council – E

Approx. Gross Internal Area: 989sq.ft.

LOCAL AREA INFORMATION

Situated in central Brighton's highly popular "New England Quarter" moments from Brighton mainline railway station and all the fabulous amenities that city living offers you. Seven Dials, Brighton seafront, the bohemian North Laine and a wealth of independent shops, cafes, restaurants and bars are all on your doorstep.

In the catchment area for very popular secondary schools, Varndean & Dorothy Stringer with just a few minutes’ walk from Brighton Station offering fast links into London and Gatwick Airport.

FINANCIAL INFORMATION

Property Value = £450,000

Percentage Share = 25%

Share Price = £112,500

*Monthly Rent = £1,072.04

*Monthly Service Charge = £214.49

**Monthly Mortgage Payment = £575

***Annual Household Income = £72,000

*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.

Read more...