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3 bedroom house for sale

Available

Joseph Lancaster Lane, Chichester, PO19 6ET

£136,500 Shared Ownership Resale

Share percentage 30%, full price £455,000, £13,650 Min Deposit.

Available
3 bedrooms
3 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£136,500 Shared Ownership Resale

Share percentage 30%, full price £455,000

Monthly Cost: £1,581

Rent £848, Service charge £56, Mortgage £677*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
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Summary

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

Description

A great chance to buy a three-bedroom, shared-ownership family home. This recently-constructed, semi-detached property has a reception room with open staircase and a combined feature fireplace/TV unit. A door leads through to a large kitchen/dining room with sleek, white units and contrasting splashbacks. There is also a utility room and a ground-floor cloakroom/WC. On the first floor of the house is a main bedroom with fitted wardrobe and en-suite shower room plus a spacious second double bedroom, a smaller third bedroom and a naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The property comes with a two-car driveway and a good-sized, west/south-west-facing rear garden with patio, lawn and timber shed. Nearby Havenstoke Park offers beautiful outside space to enjoy and the city centre is within easy reach. The three closest primary schools are Ofsted-rated 'Good' and there are several other well-thought-of schools in the surrounding area.

SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £455,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/k5nezsbw]

(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 01/08/2020). Freehold transferred on 100% ownership.
Minimum Share: 30% (£136,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £847.66 per month (subject to annual review).
Service Charge: £56.35 per month (subject to annual review).
Guideline Minimum Income: Dual - £55,100 | Single - £63,300 (based on minimum share and 10% deposit).
Council Tax: Band D, 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 £13,650
  • Guide Min Income Dual £55.1k | Single £63.3k
  • Two Storey, Three Bedroom, Semi Detached House
  • Approx. 986 Sqft Gross Internal Area
  • Bathroom, Shower Room and Downstairs W.C.
  • Very Good Energy Efficiency Rating
  • West/South-West Facing Rear Garden
  • Driveway Parking
Particulars

Tenure: Leasehold
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Brochure
Chichester (1.17 miles) Fishbourne (Sussex) (1.95 miles) Bosham (3.24 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.

£136,500
Shared Ownership Resale
Estimated Monthly Cost:£1,581
Rent £848
Service £56
Mortgage £677

Share percentage 30%, full price £455,000, £13,650 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.