Shared Ownership
This superb modern home is available to buy from as little as £147,000 with a 35% share!
This modern semi detached home offers spacious and versatile accommodation, ideal for families, first-time buyers or those looking for additional space. The accommodation features a welcoming living room, a modern kitchen/dining room, ground floor cloakroom, three bedrooms and a family bathroom. Externally, the home benefits from a private enclosed rear garden and off road parking.
Situated in the popular West Sussex village of Henfield, the property enjoys a convenient location close to a range of everyday amenities. Henfield High Street offers independent shops, cafés, traditional pubs, convenience stores and a post office, while nearby St Peter's CofE Primary School and local leisure facilities make the area particularly appealing to families. The surrounding Sussex countryside provides excellent opportunities for walking, cycling and outdoor recreation, including access to the scenic Downs Link.
Henfield is well positioned for access to the surrounding towns of Horsham, Steyning and Brighton, offering a wider selection of shopping, entertainment and employment opportunities. Hassocks and Burgess Hill railway stations provide services towards London and Brighton, while the nearby A23/M23 corridor offers road connections towards Gatwick Airport and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £420,000
35% Share Price: £147,000 (rent £811.51pcm)
Minimum 5% Mortgage Deposit (35% share): £7,350
Approximate Service Charges: £23.82pcm*
Shared Ownership Lease: 115 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 £420,000 and a purchaser would not need to meet the eligibility criteria listed above.
