£118,500

56 Hammonds Ridge

3 bedroom House

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Development overview
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Location

56 Hammonds Ridge

Hammonds Gate, Burgess Hill, West Sussex, RH15 9QQ

Three bedroom semi-detached house
Share starts from 30%
Fitted kitchen with integrated appliances
En-suite to main bedroom

Front and Rear Garden
Two allocated parking spaces
Near town centre location
Close to mainline train services and A23

Full description
Three bedroom semi-detached house. This is a bright and spacious property, perfect for modern family life. A contemporary kitchen/diner has patio doors opening onto the private garden, making the space feel light and open. There is a good-sized lounge to the front of the house and a WC off the hall. Upstairs, a large master bedroom features an en suite bathroom with walk-in shower. A further double bedroom and third smaller bedroom, together with a modern family bathroom complete this home. Outside, the property benefits from two allocated parking spaces and private garden.

Purchase breakdown

Monthly charges apply. Within the current financial year from 1 April 2024 to 31 March 2024; these consist of the following (subject to final confirmation):

Shared Ownership minimum share of 30% £118,500.00

Monthly Rent: £748.70

Monthly service charge: £26.17

Monthly leaseholder charges: £25.29

EPC = B

Council Tax Band = D

£118,500

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 (minimum 5 - 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.

Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.

Am I eligible?

Serving MOD will be given priority.
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. You must not 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 council tax, gas, electricity and water.

Downloads

Key Information Document

PDF 163 kB

EPC

PDF 130 kB

Buying a Resale Shared Ownership Property

PDF 851 kB

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