An excellent opportunity for first time buyers - 30% share £97,500. Shares available between 30% & 80% depending on individual circumstances. Treagust & Co is pleased to offer this two double bedroom shared ownership property with two allocated parking spaces and rear garden, located in Hambrook.
The front door opens into the sitting room which has a staircase to the first floor and door opening into an inner lobby with cloakroom and understairs storage cupboard. Set to the rear of the home overlooking the garden is the open-plan kitchen/dining room which features a range of white wall and base units with a built-in oven and hob, planned appliance space and doors opening out to the decking.
On the first floor there are two double bedrooms served by the family bathroom which features a white suite.
Outside The property comes with two allocated car parking spaces. A side gate provides access to the southerly facing rear garden which features a covered decked seating area with gate opening to the lawn. A garden shed is also included in the sale.
Property information: Lease - 125 years from 2012 (112 years remaining) (Full Market Price: £325,000) Current costs, based on the minimum share of 30% Share Value: £97,500 Monthly Rent: £570.47 Service Charge PCM (including buildings insurance): £77.34 Total Monthly Charge: £647.81 Next rental increase: April 2025
Eligibility: Applicants are required to have a local connection to Chichester & meet criteria for the shared ownership scheme - further details can be found on the Government website. Council Tax Band: C Tenure: Leasehold Lease Years Remaining: 112 Service Charge: £928.08 per year Shared Ownership (%): 30% Shared Ownership (Rent): £570.47 per month
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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