Available through our resale shared ownership scheme, a ground floor, one-bedroom apartment in Chichester.
Property description:
The property comprises of an entry system and wheelchair accessible entrance, open plan kitchen and living area, kitchen with integrated appliances, one bedroom including a built-in wardrobe, family bathroom with shower over bath and two spacious storage cupboards.
The property also benefits from access to a communal garden and allocated parking.
Lease: Commenced 2018 with 999-year term
Council Tax Band: Chichester Council – B
Gross Internal Area: 527.4sq.ft.
LOCAL AREA INFORMATION
· Ideally placed for everything the South Downs National Park and Sussex coast have to offer.
· Chichester’s magnificent cathedral and historic market cross right at the heart of town and packed with quaint side streets, various eateries, shops, galleries and museums to enjoy at your leisure.
· Portfield Primary Academy and March C of E Primary School lie less than a mile from the property. Additional local schools include the Prebendal School, Bishop Luffa School, Chichester High School for Girls and Chichester High School for Boys.
· Private education can be found at the independently run preparatory and boarding Westbourne House School, with further education that can be pursued at Chichester College or the highly acclaimed University of Chichester.
· Chichester Station provides direct rail services to Portsmouth, Bognor and Arundel in under half an hour, while Brighton and Southampton can be reached in less than an hour.
· Services to London Victoria and London Waterloo take around 1 hour 30 minutes and 1 hour 45 minutes respectively.
FINANCIAL INFORMATION
Property Value = £187,500
Percentage Share = 40%
Share Price = £75,000
Monthly Ground Rent = £12.50
*Monthly Rent = £354.63
*Monthly Service Charge = £292.59
**Monthly Mortgage Payment = £383.00
***Annual Household Income = £36,000
*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 (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.
