Shared Ownership
This superb modern home is available to buy from as little as £84,000 with a 40% share!
Situated on Limestone Road in Chichester, this well-presented one-bedroom ground floor apartment benefits from its own private entrance, offering direct access from outside without the need to pass through communal areas.
The property features a spacious open-plan kitchen and living area, providing plenty of room for relaxing and dining. There is also a generously sized double bedroom, fitted bathroom and useful storage cupboard.
Offering approximately 538 sq. ft. of accommodation, the apartment further benefits from an allocated parking space and is conveniently located for local amenities and transport connections. An ideal opportunity for first-time buyers looking to step onto the property ladder through Shared Ownership.
PRICING & AFFORDABILITY
Full Market Value: £210,000
40% Share Price: £84,000 (rent £304.76pcm)
Minimum 5% Mortgage Deposit (40% share): £4,200
Approximate Service Charges: £169.13pcm*
Lease: 987 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Council Tax Band B
