Share percentage 30%, full price £250,000, £3,750 Min Deposit.
Monthly Cost: £1,103
Rent £499,
Service charge £177,
Mortgage £427*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
We are pleased to market this lovely one bedroom apartment.
Description
We are pleased to market this lovely one bedroom apartment. Inside you will find a spacious entrance hallway complete with two storage cupboards, providing ample space for shoes and coats. Moving on from here you will find the welcoming living room, dining area and kitchen. This space has plenty of room for a separate living and dining area and boasts lots of light thanks to the double sliding doors. The modern kitchen offers lots of storage and food prep space. You will find an integrated oven, hob and extractor fan. The bedroom is large, allowing plenty of room for all your furniture needs, complete with a built in wardrobe. Finally, you have a large bathroom with plenty of space.
Key Features
- Surrounded by good local amenities and town shopping centre.
- Transport links and schools all within a two-mile radius.
- Close distance to Shoreham beach.
- Beautiful walks by the River Adur.
Particulars
Tenure: Leasehold
Lease Length: 105 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 30%, full price £250,000, £3,750 Min Deposit. Calculated using a representative rate of 5.26%
