2 bedroom apartment for sale
Old Common Close, Birdham, PO20 7SE
Share percentage 30%, full price £250,000, £7,500 Min Deposit.
Share percentage 30%, full price £250,000
Monthly Cost: £1,071
Rent £412, Service charge £287, Mortgage £372*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A ground-floor, two-bedroom flat which has a twenty-foot, south-west-facing reception room and a good-sized separate kitchen. Well insulated walls, modern double glazing and gas central heating make for a very good energy-efficiency rating. The property comes with use of an allocated parking space and Chichester city centre can also be easily reached via bus. The area around Chichester Harbour provides beautiful, outside space to explore and there are a number of popular beaches within comfortable cycling distance or a brief drive.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £250,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mr3hxr72]
(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: Guinness Partnership.
Tenure: Leasehold (125 years from 01/04/2013).
Minimum Share: 30% (£75,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £412.32 per month (subject to annual review).
Service Charge: £287.20 per month (subject to annual review).
Guideline Minimum Income: Dual - £32,700 | Single - £39,000 (based on minimum share and 10% deposit).
Council Tax: Band B, 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 £7,500
- Guide Min Income Dual £32.7k | Single £39k
- Ground Floor
- Approx. 739 Sqft Gross Internal Area
- Kitchen Separate from Reception Room
- Very Good Energy Efficiency Rating
- Parking Space
- Chichester and South Coast Within Easy Reach
Particulars
Tenure: Leasehold
Council Tax Band: B
Property Downloads
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 £250,000, £7,500 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
