2 bedroom flat

SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £285,000). A well-presented flat in attractive surroundings. A collection of elegant period buildings, part of the former Graylingwell Hospital site, have been converted and fitted with internal insulation, sash windows with high performance glazing and a communal heating and hot water system. This property is on the first (top) floor and features high ceilings and a reception room with open-plan kitchen. There is a main bedroom with built-in wardrobe plus a secondary bedroom which can also make for a very useful home office. Additional fitted storage has been provided throughout and the bathroom is simple and modern. The flat comes with use of a parking space and is also within walking distance or brief cycle ride of Chichester city centre.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM

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(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 2013).
Minimum Share: From 30% (£85,500).
Shared Ownership Rent: £463.81 per month (subject to annual review).
Service Charge: £174.39 per month (subject to annual review).
Guideline Minimum Income: Dual - £36,300 Single - £39,200 (based on minimum share and 10% deposit).
Council Tax: Band B, Chichester District Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

WHAT IS SHARED OWNERSHIP ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?

The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

First Floor


Entrance Hall


Reception
13' 6" x 10' 10" (4.11m x 3.30m)

Kitchen
Partially included in reception measurement

Bedroom 1
10' 11" x 10' 7" max. (3.33m x 3.23m)

Bathroom


Bedroom 2
8' 7" max. x 8' 1" min. (2.62m x 2.46m)

Office Area
8' 6" x 6' 6" (2.59m x 1.98m)