Preston Road

1 - 3 bedroom homes in Preston Road, Brighton, Brighton and Hove City, BN1 6SE

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £99,750 for 35% share
Full price from £285,000
Min deposit from TBC
Monthly rent from £424
Service charge from £196
Bedrooms 1-3
Bathrooms 1 - 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Open Day Launch - 9th November 2019! Book your viewing via our website - www.shosales.co.uk

Register your interest to buy one of these remarkable brand new homes.

Two existing Victorian villas will be completely refurbished to their former glory, a new apartment block built, and new family houses designed to complement the existing villas.

Located at Preston Road, Brighton – 2 miles from Brighton beachside and less than a mile from the impressive structure of Brighton Viaduct. These apartments are ideal for those wanting a home with some history.

Local area information

Preston road sits in a perfect spot between, with the beach only 2 miles away.This is the perfect place to enjoy a sunny Sunday afternoon, or watch the sun go down after a hard day at work.

The Preston Road site currently consists of two Victorian villas dating from around 1870, which were built as part of the Clermont Estate. The two villas were connected in the 1950s through a link block to form one building, all situated within a large garden with an array of mature trees.

These homes will be celebrating their history and decorative features, and wherever possible they will retain many of the existing room proportions and original features. 

This is a part of Brighton full of open spaces and the jewel in the crown is Preston Park, the biggest green area in the city and only 500m down the road from 251 Preston Road. The parklands are perfect for a summer’s stroll while sports lovers will appreciate the football pitches, tennis courts, cricket ground, basketball facilities and velodrome. There’s a celebrated rockery, filled with a diverse collection of flora and fauna, together with walled and rose gardens. For youngsters there is a choice of two playgrounds, as well as two cafés for the grown-ups to relax.

Brighton is a place beside the seaside that’s within an easy commute of London. From your front door in Preston Road it’s a three-minute walk to Preston Park station with regular services to London Victoria and Gatwick Airport. The main London road is even closer.

Living at Preston Road you will have local shops, schools and open parkland, together with a whole range of sports facilities within a few minutes’ walk. The town centre is not

much further. There is a bus stop directly in front of 251 Preston Road with regular services in and out of Brighton along with many local cycle routes to ensure you will always feel well connected.

Status Plot No. Floor Beds Min share price Eligibility
Available 2 Lower Ground 1 £99,750 View details
Available 22 Second 1 £99,750 View details
Available 19 First 1 £103,250 View details
Available 8 Ground 1 £103,250 View details
Available 12 Ground 1 £105,000 View details
Available 5 Lower Ground 1 £105,000 View details
Available 6 Lower Ground 1 £105,000 View details
Available 13 First 1 £108,500 View details
Available 15 First 1 £108,500 View details
Available 20 First 1 £113,750 View details
Available 01 Lower Ground 2 £134,750 View details
Available 7 Ground 2 £140,000 View details
Available 14 First 2 £143,500 View details
Available 21 Second 2 £148,750 View details
Available 24 N/A 3 £201,250 View details
Available 25 N/A 3 £201,250 View details
Available 26 N/A 3 £201,250 View details
Available 27 N/A 3 £201,250 View details
Available 28 N/A 3 £204,750 View details
Coming soon 12 TBC 1 £0 View details
Coming soon 13 TBC 1 £0 View details
Coming soon 15 TBC 1 £0 View details
Coming soon 19 TBC 1 £0 View details
Coming soon 2 TBC 1 £0 View details
Coming soon 20 TBC 1 £0 View details
Coming soon 22 TBC 1 £0 View details
Coming soon 5 TBC 1 £0 View details
Coming soon 6 TBC 1 £0 View details
Coming soon 8 TBC 1 £0 View details
Coming soon 1 TBC 2 £0 View details
Coming soon 14 TBC 2 £0 View details
Coming soon 21 TBC 2 £0 View details
Coming soon 7 TBC 2 £0 View details
Coming soon 23 TBC 3 £0 View details
Coming soon 24 TBC 3 £0 View details
Coming soon 25 TBC 3 £0 View details
Coming soon 26 TBC 3 £0 View details
Coming soon 27 TBC 3 £0 View details
Coming soon 28 TBC 3 £0 View details
Reserved 23 House 3 £204,750 View details
View More

FAQ's

Min share price from: £99,750 for a 35% share
Full price from: £285,000
Monthly rent from: £424
Bedrooms: 1
Bathrooms: 1

There are 39 available ranging from £99,750 for a 35% share to £204,750 for a 35% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Preston Road

1 - 3 bedroom homes in Preston Road, Brighton, Brighton and Hove City, BN1 6SE

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £99,750 for 35% share
Full price from £285,000
Min deposit from TBC
Monthly rent from £424
Service charge from £196
Bedrooms 1-3
Bathrooms 1 - 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes