Available through our resale shared ownership scheme, a ground floor, two-bedroom apartment situated in Chichester, West Sussex.

  

Property description:

The property comprises a communal entrance with phone entry system, open plan kitchen and reception leading to a private terrace, fitted kitchen with integrated appliances, double bedroom with ensuite, second double bedroom, family bathroom with shower over bath, double glazing throughout and generous storage space.

 

The property also benefits from access to a well-maintained communal garden and an allocated permit parking space.

 

Length of Lease: Approx. 118 Years

Council Tax Band: Chichester Council – C

Gross Internal Area: 61m2

 

LOCAL AREA INFORMATION

  • Situated near great transport links, including bus/train stations, providing direct lines to London Victoria. Easy access to A27 to get to Brighton or Portsmouth.
  • Centrally located and within walking distance to Chichester City Centre, Chichester possesses a wonderful variety of bars and cafes, supermarkets and amenities.
  • Within close proximity of ten local primary/secondary schools.
  • The property is close to a variety of parks and outside spaces and is near the Chichester festival theatre.

 

FINANCIAL INFORMATION

Property Value = £290,000

Percentage Share = 40%

Share Price = £116,000

*Monthly Rent = £349.32

*Monthly Service Charge = £116.35

**Monthly Mortgage Payment = £580

***Annual Household Income = £36,000

 

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

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

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.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed.

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