1 bedroom apartment for sale
Alden Court, Bishopric, RH12 1FH
Share percentage 30%, full price £230,000, £6,900 Min Deposit.
Share percentage 30%, full price £230,000, £6,900 Min Deposit.
Monthly Cost: £907
Rent £432,
Service charge £125,
Mortgage £350*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.
Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.
Am I eligible?
Serving MOD, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including council tax, gas, electricity and water.
Summary
Modern and spacious one-bedroom ground floor apartment
Description
One bedroom ground floor apartment available for shared ownership purchase. This apartment offers bright and spacious open-plan living spaces with patio doors out to the car park. There's a generous double bedroom with fitted wardrobes and contemporary bathroom. Built in 2019 this property is a short walking distance to Horsham town centre, 15 minute walk to the train station and is in excellent condition.
Purchase breakdown
The minimum share of 30% can be purchased for £69,000.
For this financial year (ending 31 March 2025) a rent of £432.33 a month applies as well as a service charge of £124.91 a month.
Council Tax Band: B
Key Features
Kitchen
Modern glossy white Monza style kitchens by Rixonway
Zanussi fan oven and gas hob
Integrated fridge freezer
Integrated washing machine
Black quartz effect laminate worktops
Spotlights
Under cupboard lighting
Bathroom
Contemporary white sanitary ware with basin, bath, shower over bath and WC
Heated chrome towel rail
Large mirror with shaver socket
Internal
PVCu high efficiency double glazed windows
PVCu patio doors
Smoke detector and carbon monoxide alarms
Gas central heating
External
One parking space per property
Managed landscaped communal gardens for the enjoyment of all residents
External lighting to all front doors and terraces
Door entry system
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Brochure 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 £230,000, £6,900 Min Deposit. Calculated using a representative rate of 4.64%
