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£144,000
Two Bedroom, Semi Detached House for Shared Ownership Resale
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 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.
This two bedroom, semi-detached shared ownership property now available for resale at a 40% share purchase of £144,000. The property is situated within the attractive development of Millford Grange, near the beautiful South Downs National Park, close to the villages and amenities of Storrington and Washington with nearby access to the A24. The property features an open plan living room to Kitchen/ Diner and downstairs toilet. Two Large double bedrooms are upstairs along with built in storage cupboards in each room and a good size family bathroom. Outside there is a large east facing garden including shed. It also comes with with two private spaces opposite the premises. The development itself benefits from having its own country park, with picturesque pond, with views across the South Downs. There is direct access across National Trust land to Sleepy Hollow.
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