Share Price £129,500 (from 35% Min. Share)

Full Value £370,000 | £6,475 Min. Deposit

Scheme: Shared Ownership

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Wychwood Park - 2 bed house in Haywards Heath - West Sussex

place Emily Way, RH16 4RN

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2 bedroom semi-detached house available with Shared Ownership in Haywards Heath, Sussex


Eligibility

ELIGIBILITY
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front 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. At Brook Meadow you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
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.


Description

Stunning 2 semi-detached houses now available on Barratt Homes new build development Wychwood Park on a Shared Ownership basis with Sage Housing. Located on the outskirts of the picturesque commuter town of Haywards Heath, 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.

*Deposit shown is based on a full market value of £370,000 purchasing a 35% share with a minimum 5% deposit.

Haywards Heath is located in the heart of West Sussex and situated at the foot of the South Downs. The town has an excellent choice of places to eat, including The Broadway, which offers a variety of restaurants, bistros and wine bars for all tastes and a great place to watch the world go by. Shoppers can find a wide range of shops in and around the pedestrianised Orchards Shopping Centre. Many events are held in the town and its parks, whilst Clair Hall offers year-round entertainment including a popular Comedy Club. The town is surrounded by some of Sussex’s most attractive countryside and yet with easy access to the A272 and the A/M23, is a popular place for those needing to commute to London and Brighton. The development is some 55 miles from central London, 14 miles from Brighton and 18 miles from Gatwick. Haywards Heath station is located just 2 miles from the development and offers a regular train service to London in under an hour.

Share Options Available

Examples of the share options available below are based on a full market value of £370,000:

35% share - £129,500 (Rent £551.15 pcm)
60% share - £222,000 (Rent £339.17 pcm)
75% share - £277,500 (Rent £211.98 pcm)

Service Charge

Approximately £61.35 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.


At Wychwood Park, you can buy a minimum 35% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

About Sage Housing
LSL Land and New Homes are selling the homes on Wychwood Park development on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England.

*Prices on this development start from 35% equity share. You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.

**The photos used are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.


Key Features

• Semi-detached houses available
• Good sized bedroom
• Kitchen Integrated Appliances
• Private rear garden
• Allocated Parking


Download Documents

Link to the floor plan 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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Calculate Monthly Cost

Share price
£ 129,500
Min. £129,500
Share percentage
Min. 35%
Your deposit
Min. £6,475
Monthly cost*
£1,257
Cost breakdown
£551
Rent
£61
Service charge
£645
Mortgage*
Calculated using a representative rate of 3.94%
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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.