3 bedroom house for sale
Alfrey Close, Southbourne, PO10 8ET
Share percentage 45%, full price £390,000, £17,550 Min Deposit.
Share percentage 45%, full price £390,000, £17,550 Min Deposit.
Monthly Cost: £1,480
Rent £544,
Service charge £50,
Mortgage £886*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy an attractive shared-ownership family home. The recently-constructed and stylishly-presented property has a conventional, modern layout - a ground-floor cloakroom and sleek kitchen at the front and a rear reception room with patio doors that open onto a good-sized garden. On the first floor is a spacious main bedroom plus a second, comfortable, double bedroom with decorative panelling, a smaller third bedroom and a naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The forecourt provides off-street parking space for two cars and Alfrey Close is also just a short walk from Southbourne Railway Station. The local infant, junior and secondary schools are all Ofsted-rated 'Good' and within easy walking distance.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £390,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/ysay87m4]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2019).
Minimum Share: 45% (£175,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £544.29 per month (this figure is from April 2024 and subject to annual review).
Service Charge: £49.53 per month (this figure is from April 2024 and subject to annual review).
Guideline Minimum Income: Dual - £51,800 | Single - £59,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Chichester District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £17,550
- Guide Min Income - Dual £51.8k Single £59.4k
- Two Storey, Three Bedroom, End of Terrace House
- Approx. 998 Sqft Gross Internal Area
- High Performance Glazing
- Bathroom plus Downstairs Cloakroom
- Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 45%, full price £390,000, £17,550 Min Deposit. Calculated using a representative rate of 4.59%