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£109,500
Three bedroom terrace 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, 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.
A charming three bedroom home is now available for resale and is situated in the popular village of Southwater. This home offers the perfect blend of comfort, convenience, and modern living. Situated in a quiet residential area close to Horsham town, the property features a spacious living room, a bright and functional kitchen, three well proportioned bedrooms, a family bathroom upstairs, and a handy downstairs toilet. With a private rear garden ideal for relaxing or entertaining, and an allocated parking space directly in front of the property, this home provides everything needed for easy, everyday living.
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 30% at £109,500
Monthly Rent: £592.80
Monthly service charges: £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 and is approximately £43 per month.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.