2 bedroom house for sale
30 Roman Lane, RH13 9AG
Share percentage 40%, full price £350,000, £14,000 Min Deposit.
Share percentage 40%, full price £350,000, £14,000 Min Deposit
Monthly Cost: £1,208
Rent £466,
Service charge £47,
Mortgage £695*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
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 £2,000 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.
Summary
Two-bedroom Terraced House for Resale Shared Ownership
Description
This two-bedroom house offers generous open plan living and is in excellent condition and is move-in ready. From the open hallway with welcoming entrance leads to the fully fitted kitchen, downstairs WC and the spacious living and dining area with access to the large private rear garden with patio and lawn. Upstairs there are two generous double bedrooms and modern family bathroom Southwater is a vibrant and growing village, set in the West Sussex district of Horsham. At the heart of the village is Lintot Square where you can find a supermarket, chemist and post office facilities, GP surgery and library.
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 40% at £140,000
Monthly Rent: £465.78
Monthly service charges: £47.19
EPC = C
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 and is approximately £45 per month.
Key Features
- Two-bedrooms
- Living / Dining room
- Stylish fully-fitted kitchen
- Downstairs WC
- Family bathroom
- Large Private Garden
- Allocated Parking
- Excellent Condition
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: C
Property Downloads
Key Information Document 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 - Allocated
Outside Space/Garden: Yes - Private Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
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 40%, full price £350,000, £14,000 Min Deposit. Calculated using a representative rate of 4.42%
