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)
Temple House, 2 bed homes
The property comprises of a bright secure communal entrance with phone entry system and lift access. Open plan living area, with full-length double-glazed windows leading to spacious sunny balcony - with views over Brighton. Modern gloss fronted kitchen with 4 ring halogen hob, electric oven and integrated fridge freezer, dishwasher & washer dryer. Two generous double bedrooms with large south facing double glazed windows and fitted blackout blinds. Large tiled wet room with free standing shower, concealed cistern toilet and towel heater. Electric underfloor heating throughout, with separate thermostats to control each rooms temperature. Large storage cupboard with Megaflow hot water tank & NuAire heat exchange ventilation system. The property also benefits from access to a well-maintained communal garden and a bicycle storage area, children’s playground, roof terrace, concierge service and an allocated parking space in secure garage – a luxury rarely found in such a central location.
Length of Lease:
Approx. 120 Years
Council Tax Band:
Brighton & Hove- band D
Gross Internal Area:
77 Square Metres
Property Value = £390,000
Percentage Share = 35%
Share Price = £136,500
Monthly Rent = £672.28 (beginning 1st April 2020)
Monthly Service Charge = £138.23 (ending 31st March 2020)
Monthly Mortgage Payment** = £683
Household Income Required = £56,000
** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%
Your home may be at risk if you do not keep up your mortgage and rent repayments.
Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract.
Areas, distances or measurements referred to are approximate.
For confirmation of property details refer to the terms of the lease and plans from your solicitor.
Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Contact us now to arrange a viewing:
Call 0345 606 1221 or email firstname.lastname@example.org
Local area information
This superb, convenient location affords extremely easy direct access to Brighton station via a staircase / lift from the side of Temple House.
Brighton Station which offers direct services to; London Via Gatwick Airport, Ashford International, Southampton, Hove & Seaford
The City Centre, eclectic North Laine area, seafront, Churchill Square Shopping Centre, Prince Regent swimming pool, large Sainsburys supermarket and a host of excellent bars, cafes, shops, restaurants, entertainment venues & fitness centres are all very close by.
Temple House forms part of the New England Quarter at the edge of the North Laine.