4 bedroom house for sale
Pinewood Way, Chichester, PO19 6EJ
Share percentage 30%, full price £450,000, £13,500 Min Deposit.
Share percentage 30%, full price £450,000
Monthly Cost: £1,574
Rent £804, Service charge £88, Mortgage £682*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Four Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This recently-constructed, end-of-terrace property offers more than twelve hundred square feet of accommodation plus a covered, two-car driveway. A spacious entrance hallway leads to a cloakroom/WC and to an attractive kitchen/reception room. Patio doors open onto the east-facing rear garden. On the first floor of the house is a principal bedroom with en-suite shower room. There are two further, generously-sized, bedrooms, both with access to balconies, plus a slightly smaller fourth double bedroom and a simple yet stylish family bathroom. The layout is versatile and the second or third bedroom could also serve as a reception room with the ground-floor room as a large kitchen/dining room. Well insulated walls, roof and floor, high performance glazing and a communal heating/hot water system have resulted in a very good energy-efficiency rating. Pinewood Way is part of the extensive Graylingwell Park development on the semi-rural outskirts of Chichester. Nearby Havenstoke Park offers beautiful, green space to enjoy as well as the popular Pavilion Cafe. The shops and other amenities of the city centre can also be easily reached by bus or bike. Very long lease (freehold transferred if 100% owned).)
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £450,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/57zybw4x]
(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 (990 years from 07/11/2022).
Minimum Share: 30% (£135,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £804.23 per month (subject to annual review).
Service Charge: £87.68 per month (subject to annual review).
Guideline Minimum Income: Dual - £54,300 | Single - £62,300 (based on minimum share and 10% deposit).
Council Tax: Band E, 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.
Key Features
- Guideline Minimum Deposit £13,500
- Guide Min Income Dual £54.3k | Single £62.3k
- Two Storey, Four Bedroom, End of Terrace House
- Approx. 1271 Sqft Gross Internal Area
- Bathroom, Shower Room and Downstairs W.C.
- Very Good Energy Efficiency Rating
- Rear Garden plus Two Balconies
- Two Covered and Secure Parking Spaces
Particulars
Tenure: Leasehold
Council Tax Band: E
Property Downloads
Key Information Document Floor Plan BrochureThe ‘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 costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 30%, full price £450,000, £13,500 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
