Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Crescent Court, 2 bed homes


Foxboro Road, Redhill, Reigate and Banstead, RH1 1TD

Shared ownership

Starting prices

35% share from
£92,750
Full price
£265,000
Minimum deposit
£4,638
Monthly rent
£349
Monthly service charge
£284

Overview

Key Features

First floor flat
Two bedrooms
Good condition
Secure entry phone system
Balcony
Allocated parking space
Close to station and facilities at Redhill
Available on 35% shared ownership basis
Full Description

Two bedroom flat available through our Shared Ownership Scheme

Available for £92,750 for 35% share based on the marketing figure of £265,000

SO Resi Monthly Payment- £348.50
Monthly Service Charge - £284.20
Total Monthly Charge - £632.70 PLUS MORTGAGE REQUIRED FOR 35% SHARE
Minimum Income - £33,839

Buy more shares from a minimum of 10%


Property Details:

Entrance hall
Two built-in storage cupboards

Kitchen:
1.83m x 3.25m
Space for fridge/freezer and washing machine

Bedroom 2:
2.71m x 5.28m

Bedroom 1:
3.69m x 3.83m (max)
Fitted wardrobe

Reception room:
4.25m x 5.56m (max)

Bathroom with WC
Three piece white suite
Shower over bath

Outside:
Outside balcony with access via the sitting room
Communal grounds
Allocated car park space.

EPC Rating

Energy Rating Band - B
Environmental Impact Band - B

All room dimensions approximate.

Please note figures given for SO Resi payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please refer to Resale Team for up to date information.


Local area information

Located within the popular Park 25 development of mixed properties close to station and town centre facilities at Redhill. Good access to M25 and M23 motorways.


Housing Provider

SO Resi
Shared ownership

Starting prices

35% share from
£92,750
Full price
£265,000
Minimum deposit
£4,638
Monthly rent
£349
Monthly service charge
£284