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2 bedroom house for sale

Available

Rainbow Square, Shoreham-by-Sea, BN43 6AX

£108,000 Shared Ownership Resale

Share percentage 30%, full price £360,000, £10,800 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£108,000 Shared Ownership Resale

Share percentage 30%, full price £360,000

Monthly Cost: £1,197

Rent £617, Service charge £44, Mortgage £536*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This smartly-presented house is part of a modern development of similar properties located close to Southlands Hospital. Internal features include a good-sized kitchen, a ground-floor cloakroom/WC and a spacious reception/dining room with attractive flooring. Upstairs, on the first floor, are two, full-width, double bedrooms and a simple, white-tiled bathroom. Well insulated walls and roof, modern double glazing and gas central heating make for a very good energy-efficiency rating. The house has a part paved rear garden and comes with a space in the adjacent parking area, which can be easily accessed from the garden via a side gate. The town centre and railway are within comfortable walking distance or brief bus or bike ride.

SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £360,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/45kavbah]

(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 01/09/2011).
Minimum Share: 30% (£108,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £616.67 per month (subject to annual review).
Service Charge: £43.68 per month (subject to annual review).
Ground Rent: £200.00 for the year.
Guideline Minimum Income: Dual - £38,800 | Single - £45,100 (based on minimum share and 10% deposit).
Council Tax: Band C, Adur 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 £10,800
  • Guide Min Income Dual £38.8k | Single £45.1k
  • Two Storey, Two Bedroom, Mid Terrace House
  • Approx. 761 Sqft Gross Internal Area
  • Bathroom plus Downstairs WC
  • Very Good Energy Efficiency Rating
  • Rear Garden
  • Parking Space
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Shoreham-By-Sea (0.64 miles) Southwick (1.13 miles) Fishersgate (1.81 miles)
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Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£108,000
Shared Ownership Resale
Estimated Monthly Cost:£1,197
Rent £617
Service £44
Mortgage £536

Share percentage 30%, full price £360,000, £10,800 Min Deposit. Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Disclaimer
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.