3 bedroom house for sale
Malthouse Meadows, Sompting, BN15 0FG
Share percentage 35%, full price £400,000, £14,000 Min Deposit.
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
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 PlanMap
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 35%, full price £400,000, £14,000 Min Deposit. Calculated using a representative rate of 4.59%
.jpg "Floor Plan")