1 bedroom apartment for sale
Barnham Road, PO20 3RT
Share percentage 75%, full price £225,000, £11,813 Min Deposit.
Share percentage 75%, full price £225,000, £11,813 Min Deposit.
Monthly Cost: £1,041
Service charge £100,
Mortgage £941*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
- You are unable to afford a suitable home to meet your housing needs on the open market.
- You live, work or have close family in the Arun District Council area
- You do not already own a home or you will have sold your current home before you purchase.
- Your deposit amount is greater than £ 11,500
Please contact sales@landspeed.uk.com for an application form.
Summary
One bedroom apartment within easy reach of Barnham Station
Description
A range of 1 and 2 bedroom apartments now available under the Landspeed Shared Purchase scheme located between Barnham and Eastergate.
The properties benefit from Symphony kitchens including integrated oven, hob and extractor hood with space for a washing machine and fridge freezer. Carpets to bedrooms and vinyl to kitchens and bathrooms. Porcelanosa tiles to bathrooms with bath and shower over.These properties are convenient for access to the A27 north and the A29 going south. Barnham has a range of small shops and eateries and the mainline station has regular trains travelling along the coast and direct to Gatwick Airport and London Victoria.
The Landspeed Shared Purchase Scheme is unique in that it offers properties at 75% of the open market value but does not charge rent on the balance at any time. The balance of equity is held by means of a second charge by Landspeed Homes.
Prices start at £168,750 for a 75% purchase (the open market value is £225,000) for a one bedroom ground floor apartment to ££240,000 for a 75% purchase (open market value ££320,000) for a 2 bedroom ground floor apartment with private garden. Estimated completion late 2023/early 2024.
Purchasers must qualify for the properties by means of living, working or having close family in the Arun District Council area and be unable to afford the property at the open market value. We check this by asking each potential purchaser to complete one of our application forms, please contact sales@landspeed.uk.com for an application form.
Key Features
- Integrated kitchen appliances
- Carpets to bedrooms
- Porcelanosa tiles to bathrooms
- Parking
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined
Map
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 75%, full price £225,000, £11,813 Min Deposit. Calculated using a representative rate of 5.26%
