Share Price £93,000 (from 40% Min. Share)

Full Value £232,500 | £4,650 Min. Deposit

Scheme: Shared Ownership

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Westbrook Place - 2 bed apartment in Broadbridge Heath - West Sussex

place Low Weald Lane, RH12 3PL

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Sage Housing

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Modern 2 bedroom apartments located in Horsham, West Sussex. Ideal for first time buyers.


Eligibility

To be eligible for shared ownership you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.


Description

Fantastic 2 bedroom apartments available to buy and move into now with a deposit of just £4,650 on a Shared Ownership basis*.

*Deposit shown is based on a full market value of £232,500 purchasing a 40% share of Plot 40 with a minimum 5% deposit.

A Superb Development

These 2 bedroom apartments are now available to buy and move into now on a Shared Ownership basis with Sage Housing. Broadbridge Heath is a village in the parish of Horsham approximately 3 miles from the Town Centre of Horsham. This scheme is in a sought after location and offers an excellent opportunity for First Time Buyers or buyers just looking for an affordable new home.

About the home

These 2 bedroom homes offer a living room with a separate kitchen which includes an oven, hob and extractor hood with space for appliances. Each bedroom is generously proportioned as is the bathroom. Outside there is plenty of communal open space and allocated parking to the rear of the block. Outside cycle store and refuse room are separate from the main building.

Great Location & Travel Links

The village is perfectly positioned for local amenities, such as The Shelley Arms, a convenience store, hairdressing salon, Shelley Primary school, Tanbridge House School and Tesco Extra. Horsham, just a short drive away, is a thriving historic market town with an excellent selection of national and independent retailers including a large John Lewis at Home and Waitrose store. You are spoilt for choice for leisure activities as there is a leisure centre both in the village and in Horsham itself in addition to Horsham Park, Capitol cinema and theatre all being in close proximity.

For those needing to commute, Horsham Station has a direct line to Gatwick (17 minutes) and London Victoria (56 minutes) and there is easy access to the M23 leading to the M25.

Share Options Available

Examples of the share options available below are based on a full market value of £232,500 (Plot 40).

40% share - £93,000 (Rent £319.69 pcm)
50% share - £116,250 (Rent £266.41 pcm)
75% share - £174,375 (Rent £133.20 pcm)

Service Charge

Approximately £1,039 per annum - £86.59 per month.

How does Shared Ownership work?

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.


Key Features

Ground Floor!
Ready to move into now!
Part Buy Part Rent
2 Generous Bedrooms
Separate Kitchen
Fitted Flooring throughout
Allocated Parking


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arrow_backwards Back to Westbrook Place - 2 bed apartment in Broadbridge Heath - West Sussex

Calculate Monthly Cost

Share price
£ 93,000
Min. £93,000
Share percentage
Min. 40%
Your deposit
Min. £4,650
Monthly cost*
£873
Cost breakdown
£320
Rent
£90
Service charge
£463
Mortgage*
Calculated using a representative rate of 3.94%
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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.