Share Price £80,000 (from 40% Min. Share)

Full Value £200,000 | £8,000 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Three Bridges - West Sussex

place Rampling Court, Three Bridges, RH10 1AQ

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A well presented one-bedroom, third floor apartment situated in Three Bridges, Crawley.


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
  • You have an income greater than £ 24,000

Description

Available through a shared ownership resale scheme, a well presented one-bedroom, third floor apartment situated in Three Bridges, Crawley.

Property description:

The property comprises of bright secure communal entrance, with an entry-phone system which rings through to the apartment, the front entrance door opens into a large hallway that features a built-in storage cupboard. Accessed from the hallway is a spacious living / dining area which features a large picture window with fitted blinds that overlooks the communal gardens. The fitted kitchen features a range of integrated appliances including a washing machine, oven, hob and extractor fan. Further space is also provided for a fridge/freezer. The worktop space is generous and provides ample area for food preparation. The walls are part tiled and the flooring is vinyl. Also located off the hallway is the spacious bedroom with large window plus ample space is provided for a double bed and bedroom furniture. A large wardrobe is included with the sale. The bathroom features a panelled bath with independent shower (over the bath), low level WC with push button flush and pedestal wash hand basin. The walls are part-tiled, and the flooring is vinyl. The apartment has radiator central heating and double glazing throughout. It has been kept to a very high standard and must be viewed to be properly appreciated.

Additional information:

-Two visitors parking permits and one private allocated space.

- Kitchen Size 8'6 x 7'5 (2.59m x 2.26m)

-Lounge/Diner Size 14'5 x 12'4 (4.40m x 3.76m)

- Bedroom Size 14'5 x 9'5 (4.40m x 2.87m)

Length of Lease:

Approx. 105 Years

Gross Internal Area:

Approx. 48 m2

Financial Information:

Full Market Value: £200,000

40% Share: £80,000

Deposit: £8,000

Monthly Rent: £186.19 – Commencing 1st April 2020

Monthly service Charge: £126.57 – Commencing 1st April 2020

Household Income: £24,000

Mortgage: £400.00*


Key Features

- Situated in the popular and convenient area of Crawley.

-Crawley Town Centre is located within walking distance of the property and offers a selection of shops, restaurants, entertainment and amenities.

-An ideal commutable location. 0.6 miles away from Crawley Train Station which offers direct services to London Victoria via Gatwick Airport, Brighton &

and Southampton.

-Easy access to the M23 providing a direct route to the motorway network


Download Documents

Link to the floor plan Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 80,000
Min. £80,000
Share percentage
Min. 40%
Your deposit
Min. £8,000
Monthly cost*
£658
Cost breakdown
£186
Rent
£127
Service charge
£345
Mortgage*
Calculated using a representative rate of 3.09%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.