Share percentage 40%, full price £350,000, £14,000 Min Deposit.
Monthly Cost: £1,310
Rent £551,
Service charge £49,
Mortgage £710*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Available through our resale shared ownership scheme, a three-bedroom, end of terrace House in Emsworth.
Description
The property comprises a private entrance, open plan kitchen and reception, three storage spaces including understairs storage, three bedrooms, family bathroom with shower over bath and a W/C.
The property also benefits from access to a private rear garden with shed and allocated parking.
Lease: Commenced 2016 with 125-year term
Council Tax Band: Chichester Council - C
Gross Internal Area: 1054.9sq.ft.
FINANCIAL INFORMATION
Property Value = £350,000
Percentage Share = 40%
Share Price = £140,000
*Monthly Rent = £551.42
*Monthly Service Charge = £49.22
**Monthly Mortgage Payment = £736.00
***Annual Household Income = £45,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
· Emsworth offers a stunning harbourside location, good restaurants and a sense of escape.
· The property is within reasonable access of local amenities including the village library, local sports centre, hairdressers, shops and a pharmacy.
· Within walking distance to local primary and secondary schools.
· Good transport links, bus and train access within 0.5 miles and easy access to the A27 and A3.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £350,000, £14,000 Min Deposit. Calculated using a representative rate of 4.64%
