2 bedroom apartment for sale
Longacre House, Longacres Way, PO20 2JG
Share percentage 40%, full price £265,000, £10,600 Min Deposit.
Share percentage 40%, full price £265,000, £10,600 Min Deposit.
Monthly Cost: £1,050
Rent £407,
Service charge £108,
Mortgage £535*
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.
Summary
Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in Chichester.
Description
The property comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated appliances, Juliette balcony, two bedrooms, family bathroom with shower over bath and hallway storage.
The property also benefits from access to off-street parking with visitor space.
Lease: Commenced 2020 with 125-year term
Council Tax Band: Chichester Council - B
Approx. Gross Internal Area: 731sq.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 = £265,000
Percentage Share = 40%
Share Price = £106,000
Monthly Ground Rent = £20.83
Monthly Rent = £407.15
Monthly Service Charge = £108.00
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
- Nearby local amenities include small shops and local services. For more extensive shopping and dining options, nearby Chichester (just a short drive away) offers a wider range of supermarkets, restaurants, cafes, and retail outlets. The nearby Portfield Retail Park also provides access to major stores like John Lewis and Sainsbury's.
- Westhampnett is well-connected by road, with easy access to the A27, providing links to Chichester, Portsmouth, and Brighton. Chichester railway station, a short drive away, offers regular services to London Victoria, Portsmouth, and Southampton. Local bus services also connect Westhampnett to Chichester and surrounding areas.
- Served by several schools in the wider Chichester area. Nearby options include Westbourne House School (a preparatory school) and Lavant CofE Primary School. For secondary education, Chichester High School and Bishop Luffa School are popular choices.
Particulars
Tenure: Leasehold
Lease Length: 121 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 40%, full price £265,000, £10,600 Min Deposit. Calculated using a representative rate of 4.59%
