1 bedroom apartment for sale
11 Abbotswood, Station Road, BN16 3BJ
Share percentage 75%, full price £168,000, £12,600 Min Deposit.
Share percentage 75%, full price £168,000, £12,600 Min Deposit
Monthly Cost: £1,158
Service charge £533,
Mortgage £625*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Eligibility
Interested buyers will be required to have an assessment with the Scheme Manager to ensure they are suitable for Extra Care and that their needs can be met by the scheme.
To use the on-site care team, residents are required to have their needs assessed by West Sussex County Council Adult Social Care team. This will determine how much care the resident needs and what they will need to pay. The care team are on site 24 hours a day to administer commissioned care, but will also respond to emergency calls.
To be eligible for Extra Care Shared Equity you must meet the relevant age criteria for the scheme, this will either be over 55 or over 60. Please note the minimum share available is always 75% and rent is not payable on the unowned share.
To apply, please complete the following steps:
Applicants must complete an expression of interest form and arrange to view the property.
Upon request, applicants must provide supporting documentation noted on the Expression of Interest form so a thorough affordability assessment can be carried out. It is a Saxon Weald requirement that applicants have a maximum of £500,000 available to them in savings, assets and sale proceeds at the time of applying. Applicants who exceed this amount will be automatically declined unless there are exceptional circumstances. Please ask for further details.
If the affordability assessment is successful a Scheme and Care Manager assessment is to be carried out.
On successful completion of both assessments above, applicants will be issued with a formal offer to purchase which will need to be accepted alongside a reservation fee of £500.
Summary
A one-bedroom, ground floor, older people's shared ownership resale apartment is available for a 75% purchase share at £126,000
Description
A one-bedroom, ground floor, older people's shared ownership resale apartment is available for a 75% purchase share at £126,000. Apartments at Abbotswood are generously sized and thoughtfully designed. Plug sockets and switches are positioned above floor level, while taps are fitted with easy-grip levers. All apartments are also wheelchair accessible.
Service Charges
There is a monthly charge of £532.89 (subject to final confirmation) which includes the buildings insurance, hot water and heating costs for the year 1 April 2025 to 31 March 2026.
Council Tax Band - B
EPC - B
Apartment features
modern fitted kitchen with built-in oven, hob and extractor hood
double-glazing
bathrooms feature level-access showers (with folding seat) and handrails are fitted to assist mobility
items of furniture included with the property: white bedroom built-in wardrobes, chest of drawers & bedside tables; fireplace & electric fire
Additional items, at the property, including fridge/freezer are available for purchase and can be discussed further with the vendor.
Scheme facilities
The scheme's restaurant and shared living areas are comfortable and beautifully designed.
In addition, the landscaped courtyard garden features a south-facing terrace, while a small 'allotment' garden provides growing opportunities for any green-fingered residents.
Key Features
- One bedroom apartment
- Over 60's
- Professional, 24-hour care team on-site
- Comfortable residents lounge
- Wheelchair access
- Emergency alarm system
- Stylish restaurant
- Guest suite for visitors
- Off-road parking
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B
Property Downloads
Key Information Document Brochure Brochure Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Communal
Outside Space/Garden: Yes - Communal Terrace
Year property was built: Enquire with provider
Unit size: Enquire with provider
Communal lift: Yes
Accessible measures: Yes - Lift access, Ramped access, Wet room, Wide doorways
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 75%, full price £168,000, £12,600 Min Deposit. Calculated using a representative rate of 4.42%
