1 bed flat for sale

Picture House, Redhill, Surrey RH1

This bright, modern one-bedroom apartment is now available in Redhill through Shared Ownership.

The property on the seventh floor comprises an entrance hall with a storage cupboard, a spacious living room with a modern open-plan kitchen, one large bedroom and a bathroom.

Outside, there is a private balcony and allocated off-street parking. Perfect for couples or singles.

Available for £100,000 for 40% share based on the marketing figure of £250,000.

Monthly rent - £437.33
Monthly Service Charge - £211.50
Total Monthly Charge - £648.83 plus mortgage required for 40% share.

An annual rent increase takes place every April

Location

The location is desirable, close to Redhill and Reigate town centres. Both offer an array of mainstream and private boutique shops along with entertainment, leisure and restaurant facilities. The property is constructed of traditional brick cavity with a pitched tile roof.

Public transport is easy to access, making it simple to travel to nearby towns or to London. The following mainline railway stations are nearby: Redhill, Merstham, and Earlswood (Surrey), which provide excellent commuter links into London.

EPC rating

Energy Rating Band - B
Environmental Impact Band - B

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by so Resi and mtvh

You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.