1 bedroom apartment for sale

Available

Commodore House, Tern Crescent, PO20 2GF

£80,000 · Shared Ownership Resale

Share percentage 40%, full price £200,000, £8,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£80,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £200,000, £8,000 Min Deposit.

Monthly Cost: £884
Rent £324, Service charge £154, Mortgage £406*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Available through our resale shared ownership scheme, a ground floor, one-bedroom apartment in Chichester.

Description

Available through our resale shared ownership scheme, a ground floor, one-bedroom apartment in Chichester.

Property description:

The property comprises of an entry system and wheelchair accessible entrance, open plan kitchen and living area, kitchen with integrated appliances, one bedroom including a built-in wardrobe, family bathroom with shower over bath and two spacious storage cupboards.

The property also benefits from access to a communal garden and allocated parking.

Lease: Commenced 2018 with 999-year term

Council Tax Band: Chichester Council - B

Gross Internal Area:527.4sq.ft.

FINANCIAL INFORMATION

Property Value = £200,000

Percentage Share = 40%

Share Price = £80,000

Monthly Ground Rent = £12.50

*Monthly Rent = £324.16 (From April 01 £354.63)

*Monthly Service Charge = £153.91 (From April 01 £292.59)

**Monthly Mortgage Payment = £409.00

***Annual Household Income = £37,000

*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

LOCAL AREA INFORMATION

· Ideally placed for everything the South Downs National Park and Sussex coast have to offer.

· Chichester’s magnificent cathedral and historic market cross right at the heart of town and packed with quaint side streets, various eateries, shops, galleries and museums to enjoy at your leisure.

· Portfield Primary Academy and March C of E Primary School lie less than a mile from the property. Additional local schools include the Prebendal School, Bishop Luffa School, Chichester High School for Girls and Chichester High School for Boys.

· Private education can be found at the independently run preparatory and boarding Westbourne House School, with further education that can be pursued at Chichester College or the highly acclaimed University of Chichester.

· Chichester Station provides direct rail services to Portsmouth, Bognor and Arundel in under half an hour, while Brighton and Southampton can be reached in less than an hour.

· Services to London Victoria and London Waterloo take around 1 hour 30 minutes and 1 hour 45 minutes respectively.

Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Chichester (1.52 miles) Fishbourne (Sussex) (2.84 miles) Bosham (4.20 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.

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  • 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.

£80,000
Shared Ownership Resale
Estimated Monthly Cost:£884
Rent £324
Service Charge £154
Mortgage £406

Share percentage 40%, full price £200,000, £8,000 Min Deposit. Calculated using a representative rate of 4.64%


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.