2 bedroom apartment for sale
Briar Lane, Billingshurst, RH14 9XN
Share percentage 30%, full price £270,000, £8,100 Min Deposit.
Share percentage 30%, full price £270,000, £8,100 Min Deposit.
Monthly Cost: £1,001
Rent £533,
Service charge £59,
Mortgage £409*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A generously-sized flat on the ground floor of this recently-constructed development. The property has a spacious, dual-aspect reception room with open-plan kitchen featuring sleek, white units and integrated appliances. South-west-facing double doors lead from the living area out to a small patio and an area of communal lawn. There are two bedrooms - both comfortable doubles - a simple, modern bathroom and a trio of storage/utility cupboards in the entrance hallway. Well insulated walls and floor, high performance glazing and a modern gas central heating system make for a very good energy-efficiency rating. The particular flat comes with a garage and is also just a short walk from Billingshurst Station, for rail services between Bognor Regis and London Victoria.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £270,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/47e7963w]
(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 01/11/2018).
Minimum Share: 30% (£81,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £532.88 per month (subject to annual review).
Service Charge: £58.57 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £29,800 | Single - £36,100 (based on minimum share and 10% deposit).
Council Tax: Band C, Horsham 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. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £8,100
- Guide Min Income Dual £29.8k | Single £36.1k
- Ground Floor
- Approx. 802 Sqft Gross Internal Area
- High Performance Glazing
- Gas Central Heating
- Garage
- Short Walk to Billingshurst Station
Particulars
Tenure: Leasehold
Lease Length: 119 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 30%, full price £270,000, £8,100 Min Deposit. Calculated using a representative rate of 4.59%
