Forest Road, Midhurst, West Sussex GU29 9FH

£45,000 Shared Ownership

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  • Guideline Minimum Deposit £4,500
  • Guideline Income Dual £18,100
  • First Floor
  • Approx. 620 Sqft Gross Internal Area
  • S/SE Facing Balcony
  • Double Glazing and Gas Central Heating
  • Parking Space
  • Town Centre Within Easy Reach

General Description

A Fantastic Opportunity to Purchase a Two Bedroom Flat, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £180,000). A two-bedroom flat in a modern development in semi-rural West Sussex. Midhurst is an attractive town which dates back to medieval times and lies in the heart of the South Downs National Park, approximately twelve miles north of Chichester. The property is on the first floor and features a reception room with south/south-east-facing balcony. There is a separate kitchen, naturally-lit bathroom, hallway storage and a fitted wardrobe in the larger bedroom. The flat comes with a parking space and is within easy reach of the town centre.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2Y2HA4p]

(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.)

 

Tenure: Leasehold (125 years from 2008)
Minimum Share Available: 25% (£45,000). The housing association will expect you to purchase the largest affordable share which may be more than the advertised minimum.
Shared Ownership Rent: £287.75 per month (based on 25% ownership). The rent is subject to annual review.
Service Charge: £86.72 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £18,100 assuming a 10% deposit of a 25% share.
Council Tax: Band B, Chichester (£1333.06 for 2019-20). Priority will be given to applicants that currently live and/or work in the District of Chichester.

The property is offered for sale on a sold-as-seen basis. Clarion Housing do not offer any warranties on the domestic appliances in the property or undertake to carry out any remedial work or redecoration work of a cosmetic nature. Pets not permitted (except assistance animals).

Dimensions

Reception ( Reception Room )
18' max. x 12' 6" (5.49m x 3.81m)
Special ( Balcony )
Kitchen
10' max. x 9' 4" max. (3.05m x 2.84m)
Bedroom ( Bedroom 1 )
12' max. x 10' max. (3.66m x 3.05m)
Bedroom ( Bedroom 2 )
12' max. x 7' 11" max. (3.66m x 2.41m)
Bathroom
Energy Effeciency Rating

Floorplans


Shared Ownership

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and the Homes and Communities Agency (HCA) outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and HCA set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Location

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