2 bedroom apartment for sale
Tranquility Way, PO20 0BF
Share percentage 70%, full price £210,000, £14,700 Min Deposit.
Share percentage 70%, full price £210,000, £14,700 Min Deposit.
Monthly Cost: £1,053
Rent £170,
Service charge £141,
Mortgage £742*
Calculated using a representative rate of 4.59%
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.
- You live or work in Selsey - Chichester District
Summary
Available through our resale shared ownership scheme, a ground floor, two-bedroom apartment in Selsey.
Description
The property comprises a private entrance, open plan kitchen and reception, kitchen with integrated cooker and hob, two bedrooms, family bathroom with shower over bath and storage cupboard.
Situated in a peaceful estate with no public rights of way, ensuring privacy and a quiet environment, the property also benefits from access to a communal courtyard and storage, and off-street parking for two vehicles.
Eligibility: Please note priority will be given to those who live and work in Selsey.
Lease: Commenced 2018 with 125-year term
Council Tax Band: Chichester Council - B
Approx. Gross Internal Area: 713sq.ft.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
FINANCIAL INFORMATION
Property Value = £210,000
Percentage Share = 70%
Share Price = £147,000
Monthly Ground Rent = £20.83
Monthly Rent = £170.27
Monthly Service Charge = £140.69
Please note the rent and service charge is reviewed annually 01 April.
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
- Selsey is renowned for its stunning coastline, offering residents and visitors plenty of opportunities to enjoy the outdoors. The town’s beaches are a major attraction, popular for swimming, fishing, and sailing. For nature enthusiasts, the nearby Pagham Harbour Nature Reserve offers beautiful walks and bird-watching opportunities. The town also has a rich history, with landmarks such as the Selsey Bill, a well-known coastal feature, and the RNLI Selsey Lifeboat Station, highlighting the area’s maritime heritage.
- Transport links in Selsey are well-developed, providing easy access to surrounding areas. The town is connected by a reliable bus service, which runs regularly to nearby Chichester and other local destinations. For those who drive, Selsey is accessible via the A27, which links to major routes such as the M27, offering a straightforward journey to larger cities like Portsmouth and Southampton. Although Selsey does not have its own train station, the nearby Chichester railway station provides direct services to London, Brighton, and other key destinations.
- Families in Selsey have access to a number of educational institutions. The town is served by Selsey Academy, a secondary school that caters to students aged 11-16, offering a range of academic and extracurricular activities. For younger children, there are several primary schools, including Seal Primary Academy and Medmerry Primary School, both of which are well-regarded within the community. Additionally, nearby Chichester provides further options for schooling, including independent and special education schools.
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: B
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 70%, full price £210,000, £14,700 Min Deposit. Calculated using a representative rate of 4.59%
