Shopwyke Lakes Apartments

Available through our resale shared ownership scheme, a third floor, three-bedroom apartment in Chichester.

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Property description:

The property comprises a communal entrance, open plan kitchen with integrated appliances, spacious reception area, three bedrooms, family bathroom with shower over bath, hallway storage space and a large balcony which runs the length of the apartment.

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The property also benefits from access to allocated parking.

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Lease: Commenced 2019 with 125-year term

Council Tax Band: Chichester Council – C

Approx. Gross Internal Area: 1098sq.ft.

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LOCAL AREA INFORMATION

���������Situated on the outskirts of the Cathedral City of Chichester in a tranquil lakeside setting.

���������Encompassing two lakes and landscaped wooded parklands, the development offers residents the perfect balance of rural living with all the amenities of a thriving and vibrant city just a mile to the west.

���������Regular rail services to Chichester run direct from London Victoria, London Waterloo, Gatwick airport and Brighton.

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FINANCIAL INFORMATION

Property Value = �325,000

Percentage Share = 40%

Share Price = �130,000

Monthly Ground Rent = �29.17

*Monthly Rent = �551.35

*Monthly Service Charge = �151.58

**Monthly Mortgage Payment = �664

***Annual Household Income = �50,000

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*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit.�If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.

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, photographs and details (excluding financial information) are provided by the leaseholder.�Please note that the Resales Team have not visited this property.