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Canalside, Redhill, Surrey, RH1 2NH

Shared ownership

Canalside, Redhill, RH1 2NH

Sale under offer
Shared ownership
Photo of Canalside, Redhill, Surrey, RH1 2NH
Live from space album cover

from

£132,500

with min. deposit

£6,625

50% Share from
£132,500
Full market price
£265,000
Minimum deposit
£6,625
Monthly rent
£377
Monthly service charge
£123.76

2 bedroom flat

******PROPERTY IS UNDER OFFER ******

 

This brilliant 2 bed property in Redhill has just become available. As you enter the property you immediately see how spacious it is. The living room is a great size with plenty of room for a living and a dining area. The large double doors also let plenty of natural light in and open out onto a large balcony that wraps around the property. There is one family bathroom and two double bedrooms. Both bedrooms are a good size with one being slightly larger. There is plenty of room for storage too. The kitchen has lots of cabinet space and includes a modern oven, stove with a splash back and extractor fan. …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area62
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years110
EER Current84
EER Potential84
EIR Current88
EIR Potential88

from

£132,500

with min. deposit

£6,625

50% Share from
£132,500
Full market price
£265,000
Minimum deposit
£6,625
Monthly rent
£377
Monthly service charge
£123.76
Complete Moves

Complete Moves

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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