£87,000

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well-maintained shared ownership resale two bedroom first floor apartment at Kilnwood Vale, Faygate, West Sussex. The price shown represents purchasing a 30% share of the property.

Property Overview

Situated within the sought-after Kilnwood Vale development in Faygate, West Sussex, this beautifully presented two bedroom first floor apartment offers an excellent opportunity to step onto the property ladder within a thriving new community surrounded by green open space.

Extending to approximately 782 sq ft, the apartment has been thoughtfully designed to provide bright, modern and well-proportioned accommodation throughout. The spacious open plan kitchen, living and dining area forms the heart of the home and opens directly onto a private balcony, creating a light-filled living space ideal for relaxing or entertaining.

The contemporary kitchen offers a range of fitted units with ample worktop space, while both bedrooms are generously sized and benefit from excellent natural light. A modern family bathroom, excellent built-in storage and an allocated parking space complete the accommodation.

Kilnwood Vale is set within approximately 140 acres of natural open space and has been carefully designed to create a vibrant community. Residents benefit from access to a community green, neighbourhood park, sports facilities, footpaths, cycle routes and bridleways, all on the doorstep.

Financial Breakdown

- Full Market Value: £290,000
- 30% Share Value: £87,000
- Rent on unowned share: £512.79 per month
- Service Charge: £116.81 per month
- Estate Charge: £37.22 per month
- Buildings Insurance: £22.74 per month
- Management Fee: £34.89 per month
- Reserve Fund Payment: £75.63 per month
- Total Monthly Payment (excluding rent): £287.29 per month
- Lease Length: Approximately 986 years remaining

Local Area

Kilnwood Vale is a growing residential community located between Horsham and Crawley, offering the perfect balance of countryside living and excellent connectivity. Residents enjoy access to extensive green spaces, walking and cycling routes, children’s play areas and a range of community facilities.

The nearby villages of Faygate and Southwater provide everyday amenities, while Horsham and Crawley offer a wider selection of shops, restaurants, cafés, leisure facilities and supermarkets.

Excellent transport links are available via Faygate railway station, offering direct services to London, Gatwick Airport and the South Coast. The nearby A264 and M23 provide convenient road connections to Horsham, Crawley, Gatwick Airport and the wider South East.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

- Have a combined household income under £80,000 per annum.
- Not already own a property, or part of a property, at the time of completing your purchase.
- Be unable to purchase a suitable home to meet your housing needs on the open market.

This resale opportunity offers a chance to buy an established home through the Shared Ownership scheme, providing a more affordable and flexible way to get onto the property ladder.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years’ experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.