Guide price

£185,000

(£233/sq. ft)

2 bed flat for sale
Marketfield Way, Redhill RH1

    • 2 beds

    • 2 baths

    • 1 reception

    • 795 sq. ft

  • EPC Rating: B

Shared ownership
Leasehold
Added on 22/08/2026

About this property

  • 50% Shared Ownership share available at £185,000

  • Two bathrooms including principal en-suite

  • Spacious open-plan kitchen and reception room

  • Approximately 795 sq ft / 73.8 sq m

  • Generous private balcony

  • Third-floor position

  • Modern Picture House development

  • Excellent central Redhill location

  • Close to Redhill station and town-centre amenities

A 50% share is available for £185,000, based on a full market value of £370,000. For Shared Ownership purchasers, the current monthly rent is £548.64, with an annual service charge of approximately £3,000.

The apartment is particularly well suited to buyers looking for more space than a typical one-bedroom starter home, with two genuine bedrooms, an en-suite to the principal bedroom and flexible accommodation for home working, guests or a young family.

The open-plan kitchen and reception room creates a bright, sociable main living space, while the private balcony provides valuable outside space.

Picture House is also ideally positioned for Redhill town centre and the railway station, making it particularly convenient for commuters.

For buyers looking for a more accessible route into a spacious two-bedroom home in central Redhill, this offers the opportunity to purchase a 50% share while benefiting from the space and specification of a much higher-value apartment.

Shared Ownership

The property is offered for sale through Shared Ownership with Heylo Housing.

A 50% share is available at £185,000, based on a current full market value of £370,000.

Current monthly charges advised by Heylo are:

Rent on the remaining 50% share: £548.64 per month

Service/estate charge: £250.00 per month

Heylo lease management fee: £25.02 per month

Shared Ownership enables an eligible purchaser to buy a percentage of the home while paying rent on the remaining share. Purchasers will be required to meet the relevant Shared Ownership eligibility and affordability requirements and will be financially assessed as part of the purchase process.

All measurements and charges are provided for guidance and should be verified as part of the purchase process.

***Quote Ref: 824580 when calling***

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Monthly repayment

£925 per month

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More information

  • Tenure

    Leasehold (244 years)

  • Service charge

    £2,093 per year

  • Council tax band

    D

  • Ground rent

  • Ground rent date of next review

  • Shared ownership percentage owned

    50%

  • Shared ownership rent

    £549 per month

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