4 bedroom house for sale

Available

12 Stansted Way, BN16 4RQ

£120,000 · Shared Ownership New Build

Share percentage 25%, full price £480,000, £6,000 Min Deposit.

Available
4 bedrooms
1 Bathroom
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£120,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £480,000, £6,000 Min Deposit.

Monthly Cost: £1,536
Rent £825, Service charge £27, Mortgage £684*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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Eligibility

Please note that only applicants with a connection can be considered for a home on this development. The connection criteria is as follows:

- Currently living in Arun and has done for at least 3 continuous years
- Currently living in Arun and has done for at least 5 non-consecutive years in the last 10-year period
- Currently works in Arun with at least 16 hours a week for at least 2 continuous years and remains working in the Arun District
- Needs to be in the Arun District to give or receive regular daily support from or to a close relative (parents, adult children, siblings). The support must be such that it is required on an ongoing and long-term basis and is not capable of being provided by other family members or available support agencies. The close relative must be permanently resident in the Arun District and have lived in the district continuously for at least 10 years immediately prior to the application date

Please contact us for further information.

Summary

BRAND NEW SHARED OWNERSHIP HOMES FROM 25%

Description

These four bedroom homes in Angmering village offer opportunities for first time buyers, second steppers, families and downsizers looking for a leisurely lifestyle. A mix of the charming, historic, contemporary, country and coastal.

LOCATION

Just a short drive from Worthing and Littlehampton and just slightly further afield, Chichester, Arundel, Pulborough and Brighton and Hove, the attractive village of Angmering has plenty of local amenities including three schools, play parks, small shops and a post office all with the scenic expanse of the South Downs National Park to one side and the beaches of the south coast on the other.

With close access to the A27, many of towns and cities across this stretch of the south coast are easy to get by car and the train station offers direct routes to Portsmouth, Chichester, Brighton and London.

Sitting south of the South Downs and is less than 10 minutes from Arundel Castle, there are plenty of stunning spots to explore nearby.

Just down the road from the centre of the village is East Preston Beach - a groyne and pebble beach. This is a popular sailing location with a sailing club situated on the beach - but because of its difficult access it's often only used by locals.

The plus side for buyers who do make the decision to move to Angmering is that they'll be able to make use of the beach - it's tough for out-of-towners to get to because of the restricted parking but locals benefit from being within walking distance.

For families looking to move to the village, there are multiple nurseries and schools in Angmering as well as nearby East and West Preston.

Popular pubs in the village are The Lamb and The Spotted Cow, both noted for their great atmosphere and delicious food.

Those with sporting interests are well catered for with Ham Manor Golf Club, Angmering Skate Park, and Worthing Hockey and Rugby Cubs all within the village

AFFORDABILITY

The share purchase price is calculated using the full market value and the percentage share purchased. If you buy a 25% share, the share purchase price will be £105,000 and the
rent will be £721.88 a month. If you buy a larger share, you'll pay less rent. The table below shows further examples.

25% share (£105,000) Rent = £721.88
30% share (£126,000) Rent = £673.75
40% share (£168,000) Rent = £577.50
50% share (£210,000) Rent = £481.25
60% share (£252,000) Rent = £385.00
70% share (£294,000) Rent = £288.75
75% share (£315,000) Rent = £240.63

The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment. Initial rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.


ELIGIBILITY

Please note that only applicants with a connection can be considered for a home on this development. The connection criteria is as follows:

- Currently living in Arun and has done for at least 3 continuous years
- Currently living in Arun and has done for at least 5 non-consecutive years in the last 10-year period
- Currently works in Arun with at least 16 hours a week for at least 2 continuous years and remains working in the Arun District
- Needs to be in the Arun District to give or receive regular daily support from or to a close relative (parents, adult children, siblings). The support must be such that it is required on an ongoing and long-term basis and is not capable of being provided by other family members or available support agencies. The close relative must be permanently resident in the Arun District and have lived in the district continuously for at least 10 years immediately prior to the application date

Please contact us for further information.

Images shown are indicative and do not represent the final specification. Location photos have been used, these are indicative of the local area. VIVID reserves the right to change items in the specification dependent on availability, at any moment, and without prior notice during the build completion.

The Key Information Document is available, please contact us for further information.

Key Features
  • Shared Ownership
  • Shares Available From 25%-75%
  • 990 Year Lease
  • Pets Welcome
  • Neutral Decor Throughout
  • Parking
  • Ground Floor WC
  • Eligibility Conditions Apply
Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Key Information Document Floor Plan
Map
Angmering (1.48 miles) Goring-By-Sea (2.09 miles) Durrington-On-Sea (2.91 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.

£120,000
Shared Ownership New Build
Estimated Monthly Cost:£1,536
Rent £825
Service Charge £27
Mortgage £684

Share percentage 25%, full price £480,000, £6,000 Min Deposit. Calculated using a representative rate of 5.26%


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.