This two bedroom, end of terrace house is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.
EPC= D63
Term remaining on lease: 114 years
Property features:
Situated in the heart of the South Downs National Park
Very close proximity to West Dean Gardens, Goodwood and an array of great countryside walks and pubs.
Good sized l-shaped, private garden with a stunning view of the Sussex countryside.
Allocated parking
Central heating
Double glazing
Private garden
Downstairs WC
Kitchen: 3.37m x 2.23m
Living room: 4.40m x 4.32m
Bathroom: 2.25m x 1.75m
Bedroom 1: 4.36m x 3.00m
Bedroom 2: 3.32m x 2.43m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Have a local connection to Chichester (priority will be given to those with a connection to West Dean)
Be registered with your Help to Buy agent
Costs:
Full Market Price: £320,000
Minimum Share: 35%
Share Value: £112,000
Monthly Rent: £434.53
Service Charge pcm (including buildings insurance): £33.66
Total Monthly Charge: £468.19
Next rental increase: April 2021
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
This property has restricted staircasing to ensure the property remains affordable for future generations of local people.
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.