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Flat 2, 5 The Kilns, Redhill, RH1 2NX

Shared ownership

5 The Kilns, Redhill, RH1 2NX

Sale under offer
Shared ownership
Photo of Flat 2, 5 The Kilns, Redhill, RH1 2NX
Live from space album cover

from

£105,000

with min. deposit

£5,250

35% Share from
£105,000
Full market price
£300,000
Minimum deposit
£5,250
Monthly rent
£376
Monthly service charge
£121.66
Reservation free
£300

2 bedroom flat

This two bed property is on the first floor of a lovely modern apartment block. It is a large flat with two spacious bedrooms. The bathroom is modern with a bath and shower. The kitchen is fully fitted and connect directly to the living area. Even with lots of space indoors there is also a balcony that lets in lots of natural light throughout the living area.

Just a 7 minute drive from the property is Redhill Train Station that has connections into London. Being outside the city there are plenty of parks and nature reserves to explore including Mercers Parks and Lakes where there is even the option to do some water sports. Very close to the …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area69.4
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years118
EER Current86
EER Potential86
EIR Current89
EIR Potential89

from

£105,000

with min. deposit

£5,250

35% Share from
£105,000
Full market price
£300,000
Minimum deposit
£5,250
Monthly rent
£376
Monthly service charge
£121.66
Reservation free
£300
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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