2 bedroom apartment for sale
Tudor House, St Margarets Way, Midhurst, GU29 9FT
Share percentage 25%, full price £245,000, £6,125 Min Deposit.
Share percentage 25%, full price £245,000, £6,125 Min Deposit
Monthly Cost: £997
Rent £508,
Service charge £180,
Mortgage £309*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
Tudor House forms part of a development known as ‘The Montagues’, built in the grounds of the Grade-II listed building that was formerly St Margaret's Convent. This beautifully-presented, top-floor flat has a light and spacious living area with Juliette balcony and is semi-open-plan to the stylish kitchen. There are two, generously-sized, double bedrooms and a naturally-lit bathroom. Outside are pleasant communal grounds to enjoy and a parking area which includes a space allocated to this property.
Midhurst is an attractive town which dates back to medieval times and lies in the heart of the South Downs National Park. A wide range of shops can be found nearby, along with schools, churches, public houses, a sport/community centre plus golf and polo facilities at Cowdray Park and racing at Goodwood. The railway station at Haslemere is approximately eight miles to the north and provides services between Portsmouth/Southampton and London Waterloo. Chichester’s many amenities, including the famous Festival Theatre, are around twelve miles south with the coast also within easy reach.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £245,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/2ATnfIz]
(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 01/09/2014).
Minimum Share: 25% (£61,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £508.27 per month (subject to annual review).
Service Charge: £179.59 per month (subject to annual review).
Ground Rent: £200.00 for current year.
Guideline Minimum Income: Dual £29,900 | Single £35,400 (based on minimum share and 10% deposit)
Council Tax: Band C, Chichester 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 £6,125
- Guide Min Income Dual £29.9k | Single £35.4k
- Second (Top) Floor
- Approx. 687 Sqft Gross Internal Area
- Modern Double Glazing and Gas Central Heating
- Juliette Balcony
- Parking Space
- Very Close to Town Centre
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
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: n/a
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 25%, full price £245,000, £6,125 Min Deposit. Calculated using a representative rate of 4.59%