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

Property description:

The property comprises a communal entrance, kitchen and reception, kitchen with standalone appliances, one bedroom, bathroom with shower over bath and hallway storage. 

The property also benefits from access to a communal garden and allocated parking with visitor space.

Staircasing restricted to 80%

Lease: Commenced 2009 with 125-year term

Council Tax Band: Chichester Council – B

Approx. Gross Internal Area: 715sq.ft.

LOCAL AREA INFORMATION

Located in a quiet residential area of Westhampnett and close to Chichester Town Centre which offers a wide variety of shops, restaurants, entertainment and other amenities.

There is a regular bus service to and from Chichester Town Centre and Chichester Train Station offers direct services to; London, Southampton, Brighton and Portsmouth. The nearby A27 allows for easy access to the motorway network.

FINANCIAL INFORMATION

Property Value = £230,000

Percentage Share = 60%

Share Price = £138,000

*Monthly Rent = £242.20

*Monthly Service Charge = £182.88

**Monthly Mortgage Payment = £705

***Annual Household Income = £39,000

*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.