2 bedroom house for sale
Owl Close, Billingshurst, RH14 9XJ
Share percentage 45%, full price £340,000, £15,300 Min Deposit.
Share percentage 45%, full price £340,000, £15,300 Min Deposit.
Monthly Cost: £1,388
Rent £522,
Service charge £94,
Mortgage £772*
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 attractive, part-tiled property provides spacious accommodation. Internal layout is conventional with a ground-floor cloakroom and stylish kitchen at the front while at the back there is a reception room with double doors that open onto the rear garden. Upstairs the bedrooms are generously-sized doubles and both include built-in storage. Modern insulation standards, high performance glazing, gas central heating and roof-mounted solar panels have resulted in a very good energy-efficiency rating. Billingshurst Railway Station, for services between Bognor Regis and London Victoria, is only a short walk away. The house comes with parking for two cars.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £340,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yc8394x6]
(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: A2Dominion.
Tenure: Leasehold (125 years from 25/12/2015).
Minimum Share: 45% (£153,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £522.31 per month (subject to annual review).
Service Charge: Charged annually. £1122.87 for 2023-24.
Guideline Minimum Income: Dual - £47,400 | Single - £54,300 (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.
Key Features
- Guideline Minimum Deposit £15,300
- Guide Min Income Dual £47.4k | Single £54.3k
- Two Storey, Two Bedroom, End of Terrace House
- Approx. 838 Sqft Gross Internal Area
- Bathroom plus Downstairs Cloakroom
- Very Good Energy-Efficiency Rating
- Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Property Downloads
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 45%, full price £340,000, £15,300 Min Deposit. Calculated using a representative rate of 4.59%
