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
Added on
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
A 50% share is available for £185,000, based on a full market value of £370,000. For Shared Ownership purchasers, the current monthly rent is £548.64, with an annual service charge of approximately £3,000.
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***
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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
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