Shared Ownership
This superb modern home is available to buy from as little as £240,000 with a 75% share!
Situated within the modern and highly regarded Corfe House development in Redhill, this impressive top floor apartment offers well proportioned accommodation with the heart of the home being a generous 29ft open plan kitchen, living and dining room, creating a bright and versatile space.
A standout feature of this apartment is the two substantial & private wrap-around balconies. The principal balcony is accessed from the living area, providing an outstanding outdoor extension to the main living space. The second balcony is accessed directly from the principal bedroom, creating a private retreat rarely found in apartment living. The property further benefits from two double bedrooms, an en-suite shower room to the principal bedroom and a modern family bathroom. Externally is an allocated parking space with further visitor bays available.
Corfe House is conveniently positioned within easy reach of Redhill town centre, offering an excellent selection of shops, restaurants, cafés and leisure facilities. Commuters are particularly well served, with Redhill Railway Station providing regular services to London Bridge, London Victoria, Gatwick Airport and Brighton, while the nearby M25 and M23 offer excellent road connections across the South East.
PRICING & AFFORDABILITY
Full Market Value: £320,000
75% Share Price: £240,000 (rent £204.70pcm)
Minimum 5% Mortgage Deposit (75% share): £12,000
Approximate Service Charges: £339.09pcm*
Lease: 994 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
