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3, 5 The Kilns

Shared ownership

5 The Kilns, Redhill, Surrey, RH1 2NX

For sale
Shared ownership
Photo of 3, 5 The Kilns
Live from space album cover

from

£180,000

with min. deposit

£9,000

75% Share from
£180,000
Full market price
£240,000
Minimum deposit
£9,000
Monthly rent
£121
Monthly service charge
£134.78
Reservation free
£300

1 bedroom flat

We are delighted to offer this stunning 1 bedroom apartment in a desirable development in the heart of Surrey. Inside you will be greeted by a spacious hallway that two good sized storage cupboards and plenty of space for shoe storage. On the right you find a modern, well maintained bathroom with a shower over bath. Next up you will find yourself in the spacious bedroom, giving you plenty of space for your bedroom furniture and even a work from home space if needed. Finally, you find a spacious living/dining area with a modern, open plan kitchen that also leads to your private balcony which overlooks the beautiful development. This property …

Features

Allocated parking

Terrace

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area45.8
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years116
EER Current85
EER Potential85
EIR Current90
EIR Potential90

from

£180,000

with min. deposit

£9,000

75% Share from
£180,000
Full market price
£240,000
Minimum deposit
£9,000
Monthly rent
£121
Monthly service charge
£134.78
Reservation free
£300
Southern Housing

Southern Housing

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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