£112,500

5 Charter Place

2 bedroom Apartment

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Development overview
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Location

5 Charter Place

Charter Place, East Grinstead, West Sussex, RH19 1SW

Two bedroom with large hall area
Unique stylish bathroom
Secure door entry system
Separate kitchen
Lounge/diner

Lift access and indoor cycle store
Walking distance to train station and high street
Communal gardens
Located next to a lovely large park area

Full description
Based on a minimum 50% share at £112,500 the monthly rent is £306.40 and a service charge of £156.13 A spacious two-bedroom first floor apartment with a large reception and two large bedrooms in a quiet location. The property located in East Grinstead within walking distance of the high street and train station and other amenities such as shops and bars. Benefits include a secure door entry system, communal gardens, cycle storage and lift access. The property offers a separate kitchen and unique bathroom with white bathroom suite.

£112,500

Shared ownership

Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.

Most people put down a small deposit on their share (10 to 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.

Am I eligible?
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit - which will be from 10 to 15 per cent of the cost of your share, depending on your mortage lender.
You must not have loans exceeding £15,000 or be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including gas, electricity and water.

For more information get in touch with our sales team on 01403 226060

Downloads

Key Information Document

PDF 159 kB

EPC

PDF 124 kB

Guide to Buying a Resale Shared Ownership Property

PDF 851 kB

Location

Map
Streetview

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Arrange a viewing

If you'd like to arrange a viewing, please call our sales team on 01403 226060.

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