2 bedroom house for sale
Barker Road, Storrington, RH20 3HW
Share percentage 40%, full price £350,000, £14,000 Min Deposit.
Share percentage 40%, full price £350,000, £14,000 Min Deposit.
Monthly Cost: £1,369
Rent £580,
Service charge £79,
Mortgage £710*
Calculated using a representative rate of 4.64%
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
Available through our resale shared ownership scheme, a two-bedroom, two storey, terraced house in Pulborough, West Sussex.
Description
The property ground floor comprises an open plan kitchen and reception with integrated appliances, a W/C and under-stair storage. The first floor comprises two bedrooms, master bedroom with build-in wardrobe and a family bathroom with shower over bath.
The property also benefits from access to a private garden with shed storage and side-gate access and off-street parking for two car spaces.
Lease: Commenced 2018 with 999-year term
Council Tax Band: Horsham Council - C
Gross Internal Area: 828sq.ft.
FINANCIAL INFORMATION
Property Value = £350,000
Percentage Share = 40%
Share Price = £140,000
Monthly Ground Rent = £20.83
*Monthly Rent = £579.74
*Monthly Service Charge = £79.36
**Monthly Mortgage Payment = £715
***Annual Household Income = £50,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- A delightful development in the charming West Sussex village of Storrington, on the edge of the South Downs National Park.
- Storrington has a strong sense of community and a good range of local amenities, including independent boutiques, a Waitrose supermarket, a traditional butcher, delis, a post office and three pubs. Kithurst Hill is a famous local beauty spot with stunning views and nearby Parham House is a handsome Elizabethan manor with beautiful gardens and grounds.
- Leisure opportunities are also plentiful. From Storrington village centre there’s easy access to the famous South Downs Way walking trail which runs from the Hampshire city of Winchester to the coastal resort of Eastbourne.
- Local bus links are available to Worthing, Horsham and surrounding areas.
Particulars
Tenure: Leasehold
Lease Length: 993 years
Council Tax Band: C
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 40%, full price £350,000, £14,000 Min Deposit. Calculated using a representative rate of 4.64%
