2 bedroom apartment for sale

Available

Flat 3, Shetland Court, 3 Steeplechase Way, BN18 0YD

£61,250 · Shared Ownership New Build

Share percentage 25%, full price £245,000, £3,063 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£61,250 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £245,000, £3,063 Min Deposit.

Monthly Cost: £811
Rent £421, Service charge £85, Mortgage £305*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
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.
Summary

Wonderful 2 bedroom apartment house in the Fontwell Meadows development. The price advertised represents purchasing a 25% share of the home.

Description

Wonderful 2 bedroom apartment house in the Fontwell Meadows development. The price advertised represents purchasing a 25% share of the home.

About the Development

Fontwell Meadows is a brand-new Dandara development located not far from the beautiful South Coast. Famous for it’s historic Racecourse, Fontwell is an up and coming community not far from both the south downs national park and the beach. These wonderful and spacious apartments are offered with high spec and are the perfect opportunity to begin a shared ownership journey.

About the Home

This plot is a brand new 2 bedroom apartment. Upon entry there is a lengthy hallway which gives access to all rooms in the property. Bedrooms are spacious with large windows for natural light and there is a modern fitted kitchen with an integrated oven hob and extractor.

About the Area

Situated between Worthing and Portsmouth, Fontwell Meadows offers semi-rural living. Fontwell itself offers a range of local amenities and nearby towns and cities offer an even more extensive range of eateries and retail opportunities. Furthermore there is a selection of ‘good’ and ‘outstanding’ Ofsted rated schools in the area for those with young and growing families.

Shared Ownership

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. You can buy a minimum 25% 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.

T&Cs

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

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
    Particulars

    Tenure: Not specified
    Council Tax Band: Not specified

    Property Downloads
    Floor Plan
    Map
    Barnham (1.75 miles) Ford (3.66 miles) Arundel (4.61 miles)
    Monthly Cost Calculator

    The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

    Read More Read Less
    • 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.

    £61,250
    Shared Ownership New Build
    Estimated Monthly Cost:£811
    Rent £421
    Service Charge £85
    Mortgage £305

    Share percentage 25%, full price £245,000, £3,063 Min Deposit. Calculated using a representative rate of 3.94%


    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.