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3 bedroom house for sale

Available

Malthouse Meadows, Sompting, BN15 0FG

£140,000 · Shared Ownership New Build

Share percentage 35%, full price £400,000, £14,000 Min Deposit.

Available
3 bedrooms
1 Bathroom
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£140,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 35%, full price £400,000, £14,000 Min Deposit.

Monthly Cost: £1,333
Rent £596, Service charge £30, Mortgage £707*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Eligibility

It is a requirement of the S106 that the Shared Ownership homes are allocated in the following priority order:

Each of the Shared Ownership Housing Units on the land shall be occupied by a person who falls within the following categories of applicants and priority is given in the following order:
Persons who are part of the armed forces personel or bereaved spouse/partner
Persons who reside in Adur with a Shared Ownership housing need suitable to the size of property
Persons who work in Adur with a Shared Ownership housing need

If you do not meet the criteria for these homes, we will be unable to process your application.

Due to a high volume of enquiries if you do not meet the eligibility criteria then we may not contact you.

Summary

2 x 3 Bedroom Homes Available

Description

Introducing the first 2 available Shared Ownership homes at the popular Malthouse Meadows development. A collection of modern homes built with families in mind. This three-bedroom family home is now available for reservation, with completion expected by January 2025.

Images are for guidance purposes only.

Key Features
  • Allocated Parking
  • Spacious Rear Garden
  • Flooring Throughout
  • Modern Bathroom & Kitchens
Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan
Map
Lancing (0.98 miles) Shoreham-By-Sea (1.73 miles) East Worthing (2.23 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£140,000
Shared Ownership New Build
Estimated Monthly Cost:£1,333
Rent £596
Service Charge £30
Mortgage £707

Share percentage 35%, full price £400,000, £14,000 Min Deposit. Calculated using a representative rate of 4.59%


Development
Malthouse Meadows
Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.