2 bedroom apartment for sale
Flat 3, 15 Cresswell Square, BN16 4PX
Share percentage 35%, full price £290,000, £10,150 Min Deposit.
Share percentage 35%, full price £290,000, £10,150 Min Deposit
Monthly Cost: £1,162
Rent £528,
Service charge £122,
Mortgage £512*
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
Very well presented two bedroom ground floor apartment available from 35% share
Description
This spacious two-bedroom, ground floor apartment is situated in the popular Cresswell Park development by Cala Homes in picturesque Angmering.
This two bedroom flat has been kept very clean and presentable and is perfect for first time buyers or those starting a family. With very friendly neighbours and a park opposite the property is on a family friendly estate with plenty of greenery and a close community feel. The village of Angmering has a train station with excellent links to Brighton and Chichester. Very clear sky at night and excellent view of sunsets and beautiful skies.
Key Features
- Ground floor apartment
- Two double bedrooms
- One allocated parking space
- Built in 2020
- Excellent order throughout
- Remainder of NHBC warranty
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: Unfurnished
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: 2020
Unit size: Enquire with provider
Communal lift: No
Accessible measures: No
Flooded within the last 5 years: No
Listed property: No
Heating: Gas
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
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 35%, full price £290,000, £10,150 Min Deposit. Calculated using a representative rate of 4.59%
