The apartment belongs to an immaculate purpose built "Shared Ownership" development known as Compass House. In principle the concept is very simple: As a "Share Owner" you will purchase a 50% share of the apartments current leasehold market value (Assessed at & £250,000). £125,000 represents 50% of the current estimated total market value = (Total Assessed Value is £250,000). Orbit Homes will retain 50% of the value and a pre-set rent will be charged to cover the 50% Orbit Share.(Current Rent approx. £380.77 Per Month to include maintenance charge with a large sinking fund). Please note at anytime you can purchase a larger percentage share of the property & obviously the rent due to Orbit will decrease accordingly. Share Ownership apartments offer a fantastic alternative to private renting & an excellent way to get onto the property ladder.
Current Rent - £380.77 PCM Approx (the following are inclusive of the rent)
Management Charge - £20.06 Approx
Service Charge - £101.74 Approx
Ground rent - £12.50 Approx
Substantial three double bedroom, third floor apartment with beautiful distant sea views!
A rarely available spacious & well presented three bedroom third floor Apartment with beautiful distant sea views. Belonging to a modern development within walking distance of the town centre, seafront promenades & mainline railway station. Accommodation in brief comprising: A secure communal entrance with security entry phone system giving access to a well kept communal hall with lift & stairs to all floors: The apartment has an additional secure lobby area providing access to the apartments front door: A spacious inner hall leads to: A 20ft x 15ft Lounge/diner with ample space for both living room & dining room furniture and beautiful West facing sea views. The lounge/diner opens into a modern fitted kitchen with a good range of units & work surfaces. Integrated fridge-freezer & electric oven/hob, space for dishwasher & space for washer-dryer. There is a very good sized master bedroom with en-suite shower room, two additional spacious double bedrooms and a modern fitted family bathroom comprising; Panelled bath with shower over, wash hand basin & low level WC . The apartment also enjoys the benefits of highly efficient electric heating system. The development is set within well kept communal grounds and there is an allocated parking space within a secure underground car park which also has an additional residents bike store. For further details or to arrange to view please contact our Bexhill Team on 01424 224488 option 1.