3 bedroom house for sale
Tern Crescent, PO20 2EP
Share percentage 30%, full price £385,000, £11,550 Min Deposit.
Share percentage 30%, full price £385,000, £11,550 Min Deposit.
Monthly Cost: £1,530
Rent £863,
Service charge £81,
Mortgage £586*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Available through our resale shared ownership scheme, a three-bedroom, two storey, semi-detached house situated in Chichester.
Description
Property description:
The property ground floor comprises a private entrance, a fitted kitchen with integrated appliances, living/dining area, a W/C and two utility storage cupboards. The first floor comprises three bedrooms, a family bathroom with shower over bath and loft storage.
The property also benefits from a driveway, side gate access to a garden and shed storage.
Lease: Commenced 2018 with 999-year term
Council Tax Band: Chichester Council - D
Approx. Gross Internal Area: 1097.92sq.ft.
FINANCIAL INFORMATION
Property Value = £385,000
Percentage Share = 30%
Share Price = £115,500
Monthly Ground Rent = £29.16
*Monthly Rent = £862.65
*Monthly Service Charge = £81.18
**Monthly Mortgage Payment = £590.00
***Annual Household Income = £58,000
*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: D
Property Downloads
Key Information Document Floor Plan 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 30%, full price £385,000, £11,550 Min Deposit. Calculated using a representative rate of 4.64%
