2 bedroom apartment for sale
Cheal Court, Cheal way, BN17 6FR
Share percentage 25%, full price £195,000, £2,438 Min Deposit.
Share percentage 25%, full price £195,000, £2,438 Min Deposit.
Monthly Cost: £909
Rent £444,
Service charge £193,
Mortgage £272*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Eligibility
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £80000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 25% minimum share you will need a minimum joint household income of £31767 and available savings of £4875 for a 10% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this well-presented 2-bedroom 1st Floor Apartment at Cheal Court
Description
Well present 2 bed apartment situated in the highly sought after Cheal Court.
This property consists of a large open plan kitchen/reception room. There are two generously sized bedroom, family size bathroom & allocated parking.
This property is ideal for those wishing to get onto the property market.
Lease Term:125 years from 01.01.2009
EPC Rating: B
Council: Arun
Council tax band: B
Floor size: 60m2
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail [email protected] or [email protected] for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing by 17/04/2024
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
Short walking distance to park, shops & local amenities.
NEAREST STATIONS
Littlehampton Station
1.1 miles
Arundel Station
1.9 miles
Angmering Station
1.9 miles
NEAREST SCHOOLS
Cornfield School, Littlehampton
State School
Ofsted: Good
0.3 miles
Lyminster Primary School
State School
Ofsted: Good
0.5 miles
St Catherine's Catholic Primary School, Littlehampton
State School
Ofsted: Good
0.5 miles
The Littlehampton Academy
State School
Ofsted: Good
0.6 miles
Particulars
Tenure: Leasehold
Lease Length: 111 years
Council Tax Band: B
Map
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 25%, full price £195,000, £2,438 Min Deposit. Calculated using a representative rate of 5.03%
