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£240,000
This superb modern home is available to buy from as little as £240,000 with a 60% share!
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £400,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This attractive modern home offers a perfect blend of comfort, style and ease of living, set within a well-kept residential development. The property presents beautifully from the outset, with a smart brick façade, contemporary windows and a welcoming front entrance. A driveway sits conveniently beside the house, providing generous off-street parking.
Inside, the ground floor offers a bright and inviting layout. The kitchen sits at the front of the home and is fitted with modern and integrated appliances, creating a practical and attractive cooking space. To the rear, a spacious reception and dining area flows seamlessly to the garden through double doors, making it ideal for everyday living as well as entertaining. A downstairs WC adds further convenience.
Upstairs, the home continues to impress with two well-proportioned bedrooms that feel light and comfortable. The main bedroom benefits from its own en-suite shower room, while a stylish family bathroom serves the second bedroom and guests.
The rear garden provides a private outdoor retreat, perfect for relaxing, dining or enjoying time with family. The neighbourhood itself features tidy surroundings, modern homes and a peaceful atmosphere, while still being within easy reach of local amenities, schools and transport links.
Ringmer offers a welcoming village atmosphere with a strong sense of community, while still providing all the essentials close at hand. The property is conveniently positioned for local shops, cafés, pubs and everyday services, with larger amenities in nearby Lewes just a short drive away. The area is well served by schools, green spaces and countryside walks, making it ideal for families and outdoor enthusiasts. Excellent transport links include regular bus routes connecting to Lewes, Brighton and surrounding towns, while Lewes railway station provides direct trains to London and the South Coast. Road connections are equally convenient, with easy access to the A26 and A27 for wider travel.
PRICING & AFFORDABILITY
Full Market Value: £400,000
60% Share Price: £240,000 (rent £487.34 pcm)
Minimum 5% Mortgage Deposit (60% share): £12,000
Approximate Service Charges: £37 pcm*
Lease: 995 years
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.
Sown Shared Ownership