2 bedroom apartment for sale
Longacre House, Longacres Way, PO20 2JG
Share percentage 40%, full price £255,000, £10,200 Min Deposit.
Share percentage 40%, full price £255,000, £10,200 Min Deposit.
Monthly Cost: £1,060
Rent £433,
Service charge £112,
Mortgage £515*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in Chichester.
Description
Property description:
The property comprises a communal entrance, open plan kitchen and reception, kitchen with integrated appliances, Juliette balcony, two bedrooms, master bedroom includes built in wardrobe, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a allocated parking and private bike storage.
Lease: Commenced 2019 with 125-year term
Council Tax Band: Chichester Council - B
Approx. Gross Internal Area: 764sq.ft.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
FINANCIAL INFORMATION
Property Value = £255,000
Percentage Share = 40%
Share Price = £102,000
Monthly Rent = £432.60
Monthly Service Charge = £111.74
Please note the rent and service charge is reviewed annually 01 April.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen. Please note that the Resales Team have not visited this property.
Key Features
LOCAL AREA INFORMATION
· Bus transport on the road outside the complex to the Centre of Chichester where you can access bus station & train station.
· On the other side of the A27 is a retail park which is walking distance from the Flat.
· Play Parks located outside the building, lovely walkways round the lake.
· Nearby Chichester Free School, Aldingbourne Primary School, Chichester College, Westbourne House School.
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms: 2
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £255,000, £10,200 Min Deposit. Calculated using a representative rate of 4.59%
