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01424 224488

PROPERTY DETAILS

  • Shared Ownership Apartment
  • (50% Owned & 50% Share)
  • Secure Communal Entrance
  • Three Spacious Bedrooms
  • 15ft x 20ft Lounge-Diner
  • Sea & Beachy Head Views
  • Fitted Open Plan Kitchen
  • (With Built In Appliances)
  • Master Bedroom with En-Suite
  • Two Additional Double Beds
  • Highly Efficient Heating System
  • Modern Family Bathroom
  • Immaculate Décor & Presentation
  • Secure Garage Parking Space

Buckhurst Road Bexhill on Sea East Sussex TN40 1FE


3 Bedrooms
Price: £125,000 (Sold subject to contract)

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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.