3 bedroom house for sale
Sinclair Drive, Codmore Hill, Pulborough, RH20 1FX
Share percentage 40%, full price £340,000, £13,600 Min Deposit.
Share percentage 40%, full price £340,000, £13,600 Min Deposit.
Monthly Cost: £1,312
Rent £573,
Service charge £52,
Mortgage £687*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a shared-ownership family home. This recently-constructed property forms the middle of a short, three-house terrace and has a conventional, modern layout: A ground-floor cloakroom and a sleek, white kitchen at the front and a full-width reception room at the rear. Patio doors open onto a neatly-kept garden which can also be accessed via a gate and pathway. On the first floor of the house is a main bedroom with fitted wardrobe plus a similar-sized second double bedroom, a smaller third bedroom, ideal for a younger child or guest, and simple yet stylish, naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The property comes with parking for two cars and Pulborough town centre is also within comfortable walking distance or a brief bike ride. The railway station provides services between Bognor Regis and London Victoria (via Gatwick, East Croydon and Clapham Junction for various other transport options).
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £340,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yk73jf3a]
(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: Clarion.
Tenure: Leasehold (125 years from 01/02/2020).
Minimum Share: 40% (£136,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £573.10 per month (subject to annual review).
Service Charge: £51.60 per month (subject to annual review).
Guideline Minimum Income: Dual - £43,900 | Single - £50,100 (based on minimum share and 10% deposit).
Council Tax: Band D, 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 £13,600
- Guide Min Income Dual £43.9k | Single £50.1k
- Two Storey, Three Bedroom, Mid Terrace House
- Approx. 904 Sqft Gross Internal Area
- Bathroom plus Downstairs Cloakroom
- Very Good Energy-Efficiency Rating
- Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: D
Property Downloads
Key Information Document 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 40%, full price £340,000, £13,600 Min Deposit. Calculated using a representative rate of 4.59%