3 bedroom house for sale
New Heritage Way, North Chailey, BN8 4GD
Share percentage 40%, full price £400,000, £16,000 Min Deposit.
Share percentage 40%, full price £400,000, £16,000 Min Deposit.
Monthly Cost: £1,400
Rent £545,
Service charge £47,
Mortgage £808*
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 spacious, shared-ownership family home. The semi-detached property has a good-sized kitchen at the front, a central cloakroom and a full-width reception/dining room at the rear. A glazed door opens onto the decked garden which includes an outdoor bar and brick-built barbecue. On the first floor of the house is a large main bedroom plus one further double bedroom, a single bedroom and a naturally-lit bathroom. Well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. Nearby Chailey Common is a local nature reserve, grazed by Hebridean sheep, Exmoor ponies and cattle, which provides more than four hundred and fifty acres of outside space to explore. The property comes with two parking spaces. Haywards Heath town centre is approximately six miles to the west. Crawley and Brighton both around a half-hour drive away (Google Maps).
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £400,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/yurvwuf4]
(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 01/01/2008).
Minimum Share: 40% (£160,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £544.93 per month (subject to annual review).
Service Charge: £47.21 per month (subject to annual review).
Guideline Minimum Income: Dual - £48,100 | Single - £55,100 (based on minimum share and 10% deposit).
Council Tax: Band D, Lewes 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 £16,000
- Guide Min Income - Dual £48.1k | Single £55.1k
- Two Storey, Three Bedroom, Semi Detached House
- Approx. 912 Sqft Gross Internal Area
- Bathroom plus Downstairs Cloakroom
- Modern Double Glazing and Gas Central Heating
- Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: 109 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 £400,000, £16,000 Min Deposit. Calculated using a representative rate of 4.59%