Shared Ownership in Shoreham-by-Sea, West Sussex 1 bedroom Apartment

  • £235,000

    Equity share: 40% / £94,000

United Kingdom, England, West Sussex, BN43 5ES, Shoreham-by-Sea, Shoreham-by-Sea
For Sale Shared Ownership

Shared Ownership in Shoreham-by-Sea, West Sussex 1 bedroom Apartment

United Kingdom, England, West Sussex, BN43 5ES, Shoreham-by-Sea, Shoreham-by-Sea
  • £235,000

    Equity share: 40% / £94,000

Property Overview

  • Apartment
  • Property Type
  • 1
  • Bedroom
  • 0
  • Bathroom

Property Description

We are pleased to bring to the market this 1 bedroom Apartment Shared Ownership. It is situated in Shoreham-by-Sea, West Sussex and is available now.

 

14 Weavers Court, West Sussex, BN43 5ES

This stunning top floor one bedroom apartment is in a central shoreham location, in the increasingly popular Ropetackle area.

The property comprises of a double bedroom with a built in wardrobe, living/dining room, a good size bathroom, and a modern fitted kitchen It also has valuable storage areas, including ample eaves space. The apartment is double glazed and in a bright and clean condition. It includes a private under cover vehicle parking space.

Excellent location, conveniently located close to the high street. Walking distance to the train station with links to London and Brighton and on main bus routes. The beach is easily accessible, as are attractive walking and cycling paths in the south downs.

 

Viewings

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: Rebecca Winder

Seller Contact Details: Email: beckywinderr@hotmail.co.uk

Tel: 07502392477

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, £34,186 and minimum deposit £7200 for this property, this is based on having a minimum deposit and a 95% mortgage. If your deposit is higher the minimum income required will go down. Please note that this will all be calculated if an offer is accepted and you are referred for your financial assessment.

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.

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

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  • Address United Kingdom, England, West Sussex, BN43 5ES, Shoreham-by-Sea, Shoreham-by-Sea
  • City Shoreham by Sea
  • County West Sussex
  • Postal Code BN43 5ES

Details

Updated on January 29, 2024 at 8:26 pm
  • Property ID: MS-117136
  • Rental Amount Per Month: £267/Month
  • Bedroom: 1
  • Property Type: Apartment
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 138.94
  • Value Of The Equity Share: 40% / £94,000
  • Overall Property Value: £235,000
  • Tenure: Leasehold

Contact Stonewater Homes Resales about: Shared Ownership in Shoreham-by-Sea, West Sussex 1 bedroom Apartment

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