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

  

Property description:

The property comprises a communal entrance with entry system, dual lift access, open plan kitchen and reception, kitchen with integrated appliances, private south-facing balcony, one bedroom, bathroom with shower over bath and hallway storage cupboard. 

The property also benefits from access to a communal courtyard.

Lease: Commenced 2018 with 999-year term

Council Tax Band: Brighton & Hove Council – B

Gross Internal Area: 495sq.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 = £295,000

Percentage Share = 40%

Share Price = £118,000

*Monthly Rent = £462.04 (£505.47 from 1st April)

*Monthly Service Charge = £171.99 (£193.03 from 1st April)

**Monthly Mortgage Payment = £603

***Annual Household Income = £46,000

*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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