Guide price
£185,000
(£233/sq. ft)
2 bed flat for saleMarketfield Way, Redhill RH1
2 beds
2 baths
1 reception
795 sq. ft
EPC Rating: B
About this property
50% Shared Ownership share available at £185,000
Two bathrooms including principal en-suite
Spacious open-plan kitchen and reception room
Approximately 795 sq ft / 73.8 sq m
Generous private balcony
Third-floor position
Modern Picture House development
Excellent central Redhill location
Close to Redhill station and town-centre amenities
The apartment is particularly well suited to buyers looking for more space than a typical one-bedroom starter home, with two genuine bedrooms, an en-suite to the principal bedroom and flexible accommodation for home working, guests or a young family.
The open-plan kitchen and reception room creates a bright, sociable main living space, while the private balcony provides valuable outside space.
Picture House is also ideally positioned for Redhill town centre and the railway station, making it particularly convenient for commuters.
For buyers looking for a more accessible route into a spacious two-bedroom home in central Redhill, this offers the opportunity to purchase a 50% share while benefiting from the space and specification of a much higher-value apartment.
Shared Ownership
The property is offered for sale through Shared Ownership with Heylo Housing.
A 50% share is available at £185,000, based on a current full market value of £370,000.
Current monthly charges advised by Heylo are:
Rent on the remaining 50% share: £548.64 per month
Service/estate charge: £250.00 per month
Heylo lease management fee: £25.02 per month
Shared Ownership enables an eligible purchaser to buy a percentage of the home while paying rent on the remaining share. Purchasers will be required to meet the relevant Shared Ownership eligibility and affordability requirements and will be financially assessed as part of the purchase process.
All measurements and charges are provided for guidance and should be verified as part of the purchase process.
***Quote Ref: 824580 when calling***
Mortgage calculator
£925 per month
70+ lenders and 10,000+ products
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (244 years)
Service charge
£2,093 per year
Council tax band
D
Ground rent
Ground rent date of next review
Shared ownership percentage owned
50%
Shared ownership rent
£549 per month



.png)