Available for resale shared ownership, a well maintained, south facing, first floor, two-bedroom flat located in Chichester, West Sussex.

  

Property description:

The property comprises a communal entrance with phone entry system, private front door leading into a spacious hallway with two generous storage cupboards, kitchen with a mix of integrated and stand-alone appliances. Family bathroom with a shower over bath, spacious living/dining room leading to a door which opens onto a small balcony space, master bedroom with built in wardrobe and spacious second bedroom.

 

The property also benefits from access to allocated parking within a private car park and additional visitor parking, and an outside and lockable bike store.

 

Length of Lease: Approx. 113 Years

Council Tax Band: Chichester Council Tax Band – B

Gross Internal Area: 56m2

 

LOCAL AREA INFORMATION

• Chichester is a cultural city, boasting a festival theatre, Cathedral and art galleries. It also offers boutique shops, high street brands, a variety of leisure facilities and an impressive range of restaurants, wine bars and pubs.

• The property is a 15-minute walk into the centre of Chichester and to the Barnfield and Portfield retail parks, offering a selection of shops and supermarkets.

• Chichester train station is 1.3 miles from the property, offering direct services to London, Portsmouth, Southampton and Brighton. A bus stop is located directly opposite the property with fast access into Chichester town centre.

• Good local schools and colleges within 2 miles 

 

FINANCIAL INFORMATION

Property Value = £220,000

Percentage Share = 60%

Share Price = £132,000

Monthly Rent = £189.77

Monthly Service Charge = £111.18

Monthly Mortgage Payment = £660 **

Annual Household Income = £33,000 ***

 

*Please note the rent and service charge is reviewed annually on the 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 a fair 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.  If you have a Help to Buy reference number, we will accept this as well.

Read more...