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

  

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.

 

The property also benefits from access to allocated parking.

 

Lease: Commenced 2019 with 125-year term

Council Tax Band: Chichester Council – C

Approx. Gross Internal Area: 1098sq.ft.

 

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.

 

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

 

*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.