Available through our resale shared ownership scheme, a 2nd floor, one-bedroom apartment in Chichester. 

  

Property description:

The property comprises a private and communal entrance, entry system, floor to ceiling windows throughout, kitchen with integrated and standalone appliances, ample storage within kitchen units, reception area, one bedroom including storage space, family bathroom with shower over bath, hallway storage cupboard and underfloor heating. 

The property also benefits from access to a courtyard and allocated parking.

Lease: Commenced 2016 with 125-year term

Council Tax Band: Chichester Council – B

Approx. Gross Internal Area: 459sq.ft.

LOCAL AREA INFORMATION

• Direct train services to London. 

• Easy access to the A27. 

• Chichester Harbour is a 10-minute drive away. 

• Close by to schools, train stations and bus stops. 

• Nearby to Chichester town centre and Chichester cathedral. Sainsbury’s, Lidl, Aldi and Mark’s and Spencer only a short drive away. 

FINANCIAL INFORMATION

Property Value = £200,000

Percentage Share = 50%

Share Price = £100,000

*Monthly Rent = £292.13

*Monthly Service Charge = £125.32

**Monthly Mortgage Payment = £511.00

***Annual Household Income = £31,000

*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.

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