Share Price £161,250 (from 75% Min. Share)

Full Value £215,000 | £8,063 Min. Deposit

Scheme: Over 55's Shared Ownership

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2 bedroom apartment in Southwater - West Sussex

place 11 Gardener House, RH13 9EG

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Weald Living

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Two-bedroom, first floor apartment available for a 75% purchase share price of £161,250


Eligibility

You can purchase an available flat at Gardener House on a 75% share of the property's value with no rent to pay on the 25% retained by Saxon Weald. You are not able to 'staircase' up to full 100% ownership of the property.

 

You are required to satisfy the normal eligibility criteria for Help to Buy shared ownership. Please visit https://helptobuyagent3.org.uk/user/ to register and apply.

 

To be considered for Older People's Shared Ownership, you will be required to complete an affordability assessment.


Description

Available

 

A two-bedroom, first floor resale apartment, for independent over 60s is now available.  The open market value is £215,000 with a 75% purchase share priced at £161,250.  There is no rent to pay on the 25% share owned by Saxon Weald.

 

A service charge, in the region of £202.15 per month, applies. This covers the cost of items such as buildings insurance, lift maintenance, grounds maintenance and communal lighting. We only charge the actual costs incurred and do not make a profit.

 

Specification

The apartment is spacious, comfortable and has been built specifically for over 60s looking for a secure, easy-to-manage home.

 

The modern kitchen comes with a built-in oven, hob and extractor fan, while the bathroom has feature level-access shower. The sink is fitted with easy-grip lever taps and plug sockets are sited at a convenient height.

 

Each apartment has its own utility meters and you are responsible for your own gas, electricity and water costs.

 

Gardener House does not have any communal areas so there is no scheme manager based at the scheme.


Key Features

  • Fully carpeted throughout
  • Double glazing
  • Gas central heating
  • 24-hour emergency alarm system
  • Lift
  • Door entry security system
  • Communal garden
  • Mobility scooter storage
  • Off-road parking
     

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Energy Certificate

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Weald Living

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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.