1 bedroom apartment for sale
Harrington House, Nyewood Lane, Bognor Regis, PO21 2UG
Share percentage 50%, full price £165,000, £8,250 Min Deposit.
Share percentage 50%, full price £165,000, £8,250 Min Deposit.
Monthly Cost: £750
Rent £272,
Service charge £59,
Mortgage £419*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This well-proportioned, ground-floor flat has a reception room with a semi-open-plan kitchen. There is a spacious bathroom and a good-sized bedroom with built-in wardrobe. The energy-efficiency rating is good, thanks to well insulated walls, double glazing and gas central heating. Harrington House has a car park to the rear which includes a space for this flat. The beach is just minutes away and the town centre and railway station are also within comfortable walking distance.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £165,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://bit.ly/2payZA4]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2006).
Minimum Share: 50% (£82,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £272.09 per month (this figure is from April 2024 and subject to annual review).
Service Charge: £58.96 per month (this figure is from April 2024 and subject to annual review).
Guideline Minimum Income: Dual - £21,600 | Single - £26,100 (based on minimum share and 10% deposit).
Council Tax: Band A, Arun District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £8,250
- Guide Min Income - Dual £21.6k Single £26.1k
- Ground Floor
- Approx. 546 Sqft Gross Internal Area
- Semi-Open-Plan Reception/Kitchen
- Double Glazing and Gas Central Heating
- Parking Space
- Short Walk from Town Centre/Station/Beach
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: A
Property Downloads
Key Information Document Floor Plan BrochureMap
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 50%, full price £165,000, £8,250 Min Deposit. Calculated using a representative rate of 4.64%
