Forest Road, Midhurst, West Sussex GU29 9FH

£46,250 Shared Ownership

Guideline Minimum Deposit £4,625
Guideline Income Dual £16.6k | Single £19.2k
Ground Floor
Approx. 619 Sqft Gross Internal Area
Double Glazing
Gas Central Heating
Communal Parking
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 £185,000). 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 ground floor and features a south/south-east-facing reception room. There is a good-sized kitchen, a naturally-lit bathroom, useful hallway storage and a fitted wardrobe in the larger bedroom. Well insulated walls, double glazing and gas central heating make for good energy-efficiency and environmental-impact ratings. The flat comes with use of 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; https://bit.ly/2KnbmiF]

(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: 25% (£46,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £296.09 per month (subject to annual review).
Service Charge: £106.79 per month. (Subject to annual review)
Guideline Minimum Income: Dual - £16,600 | Single - £19,200 (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. Pets not permitted (except assistance animals).

Dimensions

Reception ( Reception Room )

13' 11" into bay x 12' 5" max. (4.24m x 3.78m)

Kitchen

9' 11" max. x 9' 2" max. (3.02m x 2.79m)

Bedroom ( Bedroom 1 )

12' x 10' 1" (3.66m x 3.07m)

Bedroom ( Bedroom 2 )

12' x 7' 9" (3.66m x 2.36m)

Bathroom

Energy Effeciency Rating

Energy Efficency Rating Environmental Impact 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 Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England 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]