1 bedroom apartment for sale

Perfectly in tune with modern living

A vibrant community of contemporary Shared Ownership one and two bedroom apartments in Redhill, Surrey offering the perfect place to call home.

Plot 11 is a 50 square meter one bedroom first floor apartment with a private balcony available to purchase through Shared Ownership. 

Financial breakdown:

• Full Market Value: £257,500
• 40% Share Value: £103,000
• 5% Deposit of 40% Value: £5,150
• Rent on Unowned Share: £354 per month 
• Estimated Service Charge: £190.14 per month 
• Council Tax: TBC*

The brand-new apartments combine charming features and everyday conveniences while offering plenty of natural light and neutral décor, waiting for you to design as you wish. High speed fibre broadband access, a secure video entry system and stunning integrated appliances will make living at Albion Yard a delight.

Voted London’s second-best commuter town to live in, thanks to its superb transport links, prime location moments from the Surrey Hills and M25, as well as excellent education settings, Redhill has so much to offer. With a £90-million programme of investment in the town, now is the time to get on the property ladder and enjoy life at Albion Yard. With over 35 daily direct services to London as well as the charms of the Surrey Hills right on your doorstep, Albion Yard truly offers the best of both worlds and is the perfect place to be.

Local area

One of Surrey’s greatest assets is the Surrey Hills, a 422 km2 Area of Outstanding Natural Beauty and one of just 46 nationally protected landscapes in the UK – the perfect place for a peaceful walk or heart pumping cycle. Even closer to home is Redhill Common, which puts miles of footpaths through an array of woods and grasslands at your disposal. You couldn’t be better placed to explore the great outdoors.

You’ll be spoilt for shopping options, with the Belfry shopping centre (the hub of Redhill’s retail offering) and a host of well-known brands including a Marks & Spencer, H&M and Waterstones. You can also find a popular market three days a week, with the stalls complemented by an array of street food operators, on your local high street. More shops are available at the Warwick Quadrant, along with the Harlequin Theatre and Cinema – at the centre of Redhill’s cultural offering.

Albion Yard is perfectly connected to anywhere you want to explore. By road and rail, you’re superbly connected to both the surrounding area and Central London as Victoria and London Bridge stations are both readily accessible. While by road, your proximity to the M25 and M23 ensure that trips further afield are just as easy. With only an 8 minute train journey to Gatwick or a 39 minute drive to Heathrow, you will be able to explore often but will always call Albion Yard home.

What is Shared Ownership?

If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (typically between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.

*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.

ELIGIBILITY CRITERIA:

To be eligible for a home at Albion Yard, you'll need to:

• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Must have a living or working connection to the Borough of Reigate & Banstead
• Have a minimum of £5,000 to cover the costs of buying a home

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

Computer Generated Images of Albion Yard are indicative only.