Shared Ownership
This superb modern home is available to buy from as little as £104,000 with a 40% share!
Situated within a modern development, this top floor apartment offers bright and spacious accommodation throughout. The property features a generous open plan kitchen, dining and living area, two well proportioned bedrooms together with a contemporary family bathroom . Outside is allocated parking.
Skylark Way forms part of a popular residential development on the outskirts of Burgess Hill, offering a fantastic balance of peaceful surroundings and everyday convenience. The town centre provides an excellent selection of supermarkets, cafés, restaurants and independent shops, while nearby green spaces and walking routes make the area ideal for those who enjoy spending time outdoors. Families and professionals alike are well served by a range of local amenities and highly regarded schools.
For commuters, Burgess Hill railway station offers regular direct services to London Victoria, London Bridge, Gatwick Airport and Brighton, making the location ideal for those travelling for work or leisure. The A23 and M23 are also easily accessible, providing convenient road links to London, Gatwick Airport and the South Coast.
PRICING & AFFORDABILITY
Full Market Value: £260,000
40% Share Price: £104,000 (rent £495.30pcm)
Minimum 5% Mortgage Deposit (40% share): £5,200
Approximate Service Charges: £201.12pcm*
Lease: 113 years remaining
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.
** This home can also be purchased outright (100% of the value) which is £260,000 and a purchaser would not need to meet the eligibility criteria listed above.
