Available through our resale shared ownership scheme, a 1st floor, two-bedroom apartment in Hove. 

Property description:

The property comprises of a wheelchair accessible communal entrance, lift access, open plan kitchen and living area, kitchen with integrated appliances, private balcony, two bedrooms, family bathroom with shower over bath, ensuite shower room and W/C. 

 

Lease: Commenced 2019 with 999-year term

Council Tax Band: Brighton & Hove Council – C

Gross Internal Area: 742.7sq.ft.

 

LOCAL AREA INFORMATION

·   Located close to local amenities, including a large Lidl and a Waitrose. A local newsagent, pharmacy and patisserie are a 3-minute walk away.

·   The nearest railway station is Hove (5-minute walk), with links to Brighton, London Victoria, Worthing, Southampton, Portsmouth and Bristol.

·   Hove Park and Hove Recreation Ground are on the doorstep and Hove Beach just a 23-minute walk away.

·   Near to an abundance of local schools, including Cardinal Newman, Brighton Girls, Brunswick Primary School, The Bilingual School, St. Andrew’s C of E Primary and BHASVIC Sixth-Form College.

FINANCIAL INFORMATION

Property Value = £400,000

Percentage Share = 40%

Share Price = £160,000

Monthly ground rent = £20.83

*Monthly Rent = £607.94 (From April 01 £665.09)

*Monthly Service Charge = £177.77 (From April 01 £199.76)

**Monthly Mortgage Payment = £818.00

***Annual Household Income = £65,000

*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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