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£220,000
Three bedroom house available with parking for one car and private rear garden
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.
Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.
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 £5,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not 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 council tax, gas, electricity and water.
Full description
A three-bedroom terraced house is now available for Shared Ownership resale purchase starting at a minimum share of 50%. The property has a living/ dining area along with a downstairs WC, family bathroom and plenty of storage throughout including under stairs, downstairs hallway and a cupboard on the upstairs landing. The property is located in the popular village of Southwater and in close proximity to local amenities, excellent primary schools and a short drive or bus journey to Horsham's Market Town centre.
Purchase breakdown
Monthly charges apply. Within the current financial year from 1 April 2025 to 31 March 2026; these consist of the following (subject to final confirmation):
Shared Ownership minimum share of 50% £220,000
Monthly Rent: £423.47
Monthly service charge: £50.04
EPC = C
Council Tax Band = D
A separate estate management charge applies when a new leaseholder acquires the share who will enter into a direct covenant directly with the Estate management company to pay the additional charges.
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