3 bedroom house for sale
Gatekeepers Drive, BN15 9FU
Share percentage 25%, full price £405,000, £10,125 Min Deposit.
Share percentage 25%, full price £405,000, £10,125 Min Deposit
Monthly Cost: £1,319
Rent £736,
Service charge £72,
Mortgage £511*
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 (minimum 5 - 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.
Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.
Am I eligible?
Serving MOD, all first time buyers and social tenants will be given priority.
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. You must not 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 council tax, gas, electricity and water.
Summary
Three-bedroom End of Terrace House
Description
A three-bedroom end of terrace house situated in the popular New Monks Park development by Cala Homes in the coastal town of Lancing.
Built in 2023 it has three bedrooms along with two allocated parking spaces and is close outside spaces. The modern kitchen has integrated appliances and the property also benefits from the remainder of the NHBC warranty.
- Three bedrooms
- Two allocated parking spaces plus visitor parking
- Integrated appliances
- Remainder of NHBC warranty
- Close to green spaces
- Excellent Condition
- Quiet Development
- Built by Cala in 2023
Key Features
Built in 2023, the property is re-available to purchase on a shared ownership basis.
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 25% £101,250
Monthly Rent: £736.10
Monthly service charge: £72.03
Council Tax Band - C
EPC - B
Particulars
Tenure: Leasehold
Lease Length: 121 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: Yes - Private Garden
Year property was built: 2023
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 £405,000, £10,125 Min Deposit. Calculated using a representative rate of 4.59%
