2 bedroom house for sale
William Penn Way, Chichester, PO19 6ER
Share percentage 40%, full price £375,000, £15,000 Min Deposit.
Share percentage 40%, full price £375,000, £15,000 Min Deposit.
Monthly Cost: £1,366
Rent £560,
Service charge £49,
Mortgage £757*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This recently-constructed, semi-detached property has a full-length (thirty-two foot), semi-open-plan kitchen/reception room with sleek, white units and integrated appliances. Patio doors lead out to good-sized, south-east-facing rear garden. On the first floor of the house is a main bedroom with fitted, mirror-fronted wardrobe plus a second, spacious, double bedroom. There is an attractive, naturally-lit bathroom, an en-suite shower room and a ground-floor cloakroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. The house comes with a driveway and the shops and other amenities of the city centre can also be reached on foot or via brief bike ride. The three closest primary schools are Ofsted-rated 'Good', there are several other well-thought-of schools in the surrounding area and nearby Havenstoke Park offers beautiful outside space to enjoy.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £375,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://tinyurl.com/2yxk2uzm]
(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 01/08/2020).
Minimum Share: 40% (£150,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £560.17 per month (subject to annual review).
Service Charge: £48.91 per month (subject to annual review).
Guideline Minimum Income: Dual - £46,500 | Single - £53,200 (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 £15,000
- Guide Min Income Dual £46.5k | Single £53.2k
- Two Storey, Two Bedroom, Semi Detached House
- Approx. 836 Sqft Gross Internal Area
- Bathroom, Shower Room and Cloakroom
- Very Good Energy-Efficiency Rating
- South East Facing Rear Garden
- Driveway Parking
Particulars
Tenure: Leasehold
Lease Length: 121 years
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 40%, full price £375,000, £15,000 Min Deposit. Calculated using a representative rate of 4.59%