2 bedroom house for sale
11 Juniper Mead, BN16 4PU
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Monthly Cost: £1,254
Rent £559,
Service charge £35,
Mortgage £660*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases..
Am I eligible?
Serving MOD, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not have loans exceeding £15,000 or be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including gas, electricity and water.
Summary
This lovely two-bedroom semi-detached house is situated in the popular Cresswell Park development by Cala Homes in picturesque Angmering
Description
Situated in a lovely development in Angmering, West Sussex, this two bedroom semi-detached house offers spacious accommodation over two levels and benefits from its own private garden. The large reception room provides space for dining and relaxing, with patio doors directly to the garden. The separate kitchen is light and bright and is well-equipped for modern living. Upstairs, the property has two good-sized double bedrooms and a family bathroom.
The pretty village of Angmering offers shops for everyday needs, pubs, restaurants and schools as well as a mainline station with routes to London (Victoria) taking approx. 1hr 30 mins. The larger coastal town of Worthing and the City of Chichester are both easily accessible and offer a greater range of both retail and leisure facilities. In addition, located by the South Downs National Park, the area is popular with many footpaths and bridleways in the area for walking and riding.
Purchased in 2020, the property is re-available to purchase on a shared ownership basis.
Purchase breakdown
Shared ownership - minimum share of 40% at £130,000
Monthly rent of £558.73
Monthly service charge of £34.81
(within the financial year ending 31st March 2025 - subject to final confirmation)
Key Features
- Two double bedrooms
- One off road parking space plus visitor parking
- Remainder of NHBC warranty
- Excellent order throughout
- Quiet neighbourhood
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 £325,000, £13,000 Min Deposit. Calculated using a representative rate of 4.64%
