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Overview Key information

2 bedroom apartment
Shared Ownership (resales)
£111,250
25%
share
Full market value:
£445,000
Minimum deposit:
£11,125
2 bed 1 bath 133.5 sq. ft.
Salt Marsh Road, Shoreham-By-Sea, BN43 5QR

A third floor, two-bedroom apartment in Shoreham-by-Sea.

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A third floor, two-bedroom apartment in Shoreham-by-Sea.

Property Features:

· Communal entrance with entry system

· Separate kitchen with dining space

· Large lounge with alcove

· Kitchen with integrated appliances

· Family bathroom with shower over bath

· Two bedrooms

· Built in wardrobe space and ensuite in master bedroom

· Hallway storage

· Allocated parking

· Separate shared, secure cycle store space

Lease: Commenced 2019 with 999-year term

Council Tax Band: Adur council – E

Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.

Local Area:

· Walking distance to Shoreham-by-sea train station, mainline trains to Southwest, East or London.

· Direct bus routes to Brighton or Worthing.

· Direct access to river Adur and Downs Link path

· Nearby Shoreham-by-Sea beach front.

· Close to the main high street which offers, shops, cafes, pubs, restaurants and many other amenities.

· Ropetackle Arts centre is walking distance and offers, live music, café, theatre and events.

Financial Information:

Property Value = £445,000

Percentage Share = 25%

Share Price = £111,250

Monthly Ground Rent = £20.83

Monthly Rent = £984.80

Monthly Service Charge = £143.85

Please note the rent and service charge is reviewed annually 01 April. Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen. Please note that the Resales Team have not visited this property.

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