Shared Ownership in Littlehampton, West Sussex 2 bedroom Flat

  • £275,000

    Equity share: 36.36% / £99,990

United Kingdom, Littlehampton, BN16 2GW Seafield Road
For Sale Shared Ownership

Shared Ownership in Littlehampton, West Sussex 2 bedroom Flat

United Kingdom, Littlehampton, BN16 2GW Seafield Road
  • £275,000

    Equity share: 36.36% / £99,990

Property Overview

  • Flat
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 2 bedroom Flat Shared Ownership. It is situated in Littlehampton, West Sussex and is available now.

Flat 10 Tangmere Court , Rustington

Two-bedroom flat with no adjoined walls except bathroom meaning it is quiet. Energy performance rated B. Rustington village shops 0.4 miles away with excellent selection of shops, cafes, bars, and restaurants. The flat is located 1 road from the beach. New boiler installed in 2022, with full service record. Large patio doors in living room which means the living floods with light during the day Allocated parking space in resident car park Sky television port in living room which can be used for Sky TV or Freesat As this property is a flat, please note that as a result of building safety regulations, some lenders are requiring certain properties to have a completed EWS1 form. An EWS1 (External Wall System) form provides independent assurance that your building meets the requirements of the Government’s latest standards. Unfortunately, we have seen that some lenders may still wish to request this information even though it is not a legal requirement. Stonewater do not have an EWS1 in place for all buildings and should a mortgage lender require this, any purchase may be impacted. If an EWS1 is requested, whether one is required or not, Stonewater are committed to providing as much information as possible to satisfy a lenders request for an EWS1. We suggest you speak with a financial advisor before proceeding. Further information about EWS1 and Stonewater’s position can be found at https://stonewaterhomes.co.uk/government-guidance-changes-for-EWS1

 

Viewings
Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Mr Simon Stuart

Seller Contact Details: simon10pq@gmail.com and 07850085269

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household – for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, (£43,349) which is based on the minimum deposit (£8,000) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

Please let us know if you need any further information and good luck with your viewing.

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

 

Property Address

Open on Google Maps
  • Address United Kingdom, Littlehampton, BN16 2GW Seafield Road
  • City Littlehampton
  • County West Sussex
  • Postal Code BN16 2GW

Details

Updated on July 10, 2024 at 5:40 pm
  • Property ID: MS-125085
  • Rental Amount Per Month: £448/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 119.67
  • Value Of The Equity Share: 36.36% / £99,990
  • Overall Property Value: £275,000
  • Tenure: Leasehold
  • Council Tax Band: A

Contact Stonewater Homes Resales about: Shared Ownership in Littlehampton, West Sussex 2 bedroom Flat

Similar Listings

Similar Listings

Compare listings

Compare
Stonewater Homes Resales
  • Stonewater Homes Resales