Share Price £156,000 (from 65% Min. Share)
Full Value £240,000 | £15,600 Min. Deposit
Scheme: Shared Ownership Resalescheck_circle Available now
2 bedroom apartment in Midhurst - West Sussex
place Duke House, St Margarets Way, GU29 9FS
A Fantastic Opportunity to Purchase a Two Bedroom Flat, on Shared Ownership by Clarion Housing
WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.
IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
Not own another property in the UK or any other country.
Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
Be in full time permanent employment.
Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view[ Facts and Frequently Asked Questions]
A Fantastic Opportunity to Purchase a Two Bedroom Flat, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing
SHARED OWNERSHIP(Advertised price represents 65% share. Full market value £240,000). This two bedroom flat is on the first (top) floor and is accessed via a set of external steps. The property features a dual-aspect reception room with south-west-facing Juliette balcony overlooking an area of communal garden. The kitchen is sleek and open-plan and the bathroom simple and modern. Both bedrooms are comfortable doubles and useful storage space has been provided in the entrance hallway. Well insulated walls and roof, gas central heating and high performance glazing have resulted in very good energy-efficiency and environmental-impact ratings.
Duke House is part of a development, built in the grounds of the Grade-II listed, former St Margaret's Convent building, close to the centre of this historic market town. Midhurst sits in the heart of the South Downs National Park and has a good range of amenities. Haslemere is approximately eight miles to the north, Chichester around twelve miles south and the coast is also within easy reach. The flat comes with use of a parking space.
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM[HERE; https://bit.ly/3jwTBu1]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Tenure:Leasehold (125 years from 2014).
Minimum Share:65% (£156,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent:£185.74 per month (subject to annual review).
Service Charge:£91.03 per month (subject to annual review).
Ground Rent:£200.00 for current year.
Guideline Minimum Income:Dual - £31,200 | Single - £34,700 (based on minimum share and 10% deposit)
Council Tax:Band C, Chichester District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
- Guideline Minimum Deposit £15,600
- Guideline Income Dual £31.2k | Single £34.7k
- First Floor with Private Entrance
- Approx. 659 Sqft Gross Internal Area
- High Performance Glazing
- Gas Central Heating
- Parking Space
- Very Close to Town Centre
Download DocumentsLink to the floor plan Property brochure 1 Energy Certificate
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.