2 bedroom apartment for sale
Hassocks Gate, BN6 9ZF
Share percentage 30%, full price £320,000, £9,600 Min Deposit.
Share percentage 30%, full price £320,000, £9,600 Min Deposit
Monthly Cost: £1,137
Rent £582,
Service charge £70,
Mortgage £485*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (10 to 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.
Am I eligible?
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit - which will be from 10 to 15 per cent of the cost of your share, depending on your mortgage lender.
You must not have loans exceeding £15,000 or be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including gas, electricity and water.
For more information get in touch with our sales team on 01403 226060
Summary
Two-bedroom Coach House for Shared Ownership Resale
Description
Enjoy the ease of apartment living in this stunning two-bedroom home. A private entrance leads to a stylish open plan living and dining area, separate from a fully fitted kitchen. The two double bedrooms are tastefully decorated in neutral tones, offering a comfortable sanctuary to be enjoyed, not just a place to rest your head. A modern bathroom completes this home. The property also benefits from generous storage under the stairs and two allocated parking spaces.
Key Features
Purchase breakdown
Monthly charges apply. Within the current financial year from 1 April 2025 to 31 March 2026; these consist of the following (subject to final confirmation):
Shared Ownership minimum share of 30% £96,000
Monthly Rent: £582.13
Monthly service charges: £70.36
EPC = B
Council Tax Band = C
- Two-bedroom Coach House
- Fully fitted kitchen and bathroom
- Open plan lounge/diner
- Two Allocated Parking Spaces
- Includes Garage
- Remainder of NHBC Warranty
- Close to Station and A23 & A27
- Views of South Downs
- Hassocks Infants & Windmills Junior School Catchment Area
- Short Distance from Outdoor Spaces
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: No
Year property was built: 2019
Unit size: Enquire with provider
Communal lift: No
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 30%, full price £320,000, £9,600 Min Deposit. Calculated using a representative rate of 4.59%
