2 bedroom apartment for sale
Old Station House, Station Road, Polegate, BN26 6EH
Share percentage 40%, full price £216,000, £8,640 Min Deposit.
Share percentage 40%, full price £216,000, £8,640 Min Deposit.
Monthly Cost: £942
Rent £376,
Service charge £130,
Mortgage £436*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This stylishly-presented property occupies a favourable position within the building – top floor and south facing with a very pleasant and leafy view of the Sussex countryside. Internal features include a twenty-seven-foot, dual-aspect kitchen/reception room with sleek, white units. There is a main bedroom with en-suite shower room, a similar-sized second double bedroom, an attractive bathroom and an entrance hallway with useful, built-in storage space. Old Station House is, contrary to the name, quite recent in construction. Well insulated walls roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The apartment comes with use of a parking space plus the current railway station is just a few minutes away, for services to nearby Eastbourne plus Brighton, Ore and London Victoria. Polegate Primary School is Ofsted-rated ‘Outstanding’ and the local secondary school is also well thought of.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £216,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://tinyurl.com/53j3wtnk]
(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 08/03/2019).
Minimum Share: 40% (£86,400). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £375.71 per month (subject to annual review).
Service Charge: £129.89 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £27,700 | Single - £33,900 (based on minimum share and 10% deposit).
Council Tax: Band C, Wealden 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. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £8,640
- Guide Min Income Dual £27.7k | Single £33.9k
- Top Floor (building has a lift)
- Approx. 760 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- Very Good Energy-Efficiency Rating
- Parking Space
- Minutes from Polegate Station
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: C
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 £216,000, £8,640 Min Deposit. Calculated using a representative rate of 4.59%