Our developments> For Sale> Billingshurst> Arun Road

£107,500

Flat 45 Arun Road

2 bedroom Apartment

Flat 45 Arun Road

Arun Road, Billingshurst, West Sussex, RH14 9PE

  • Close to Billingshurst village
  • Communal garden
  • Fitted kitchen
  • Modern design
  • Off road parking
  • EPC rating C

Full description
AVAILABLE - Modern two-bedroom, first floor apartment available for shared ownership purchase.

AVAILABLE

A two-bedroom, first floor apartment is now available, on a minimum of a  50% purchase share, in a desirable location close to Billingshurst high street.

The property offers an entrance hall, modern fitted kitchen, lounge/dining room, two bedroom and a white suite bathroom.

 

Outside there is a communal garden accessed via a gate at the side of the building, mainly laid to lawn and an allocated parking space.

 

Based on a starting share of 50% you will pay a monthly rent of £233.76 and a £68.83 service charge per month. Charges are subject to final confirmation and for the current financial year ending 31 March 2022.

 

 

 

 

£107,500

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.

Register for shared ownership
You will need to apply to the Help to buy agent at www.helptobuyagent3.org.uk.
Once you have registered with the Help to Buy agent you can register with us.

Am I eligible?
All first time buyers can apply and social tenants will be given priority.
The minimum salary income is £29,865, although it could be lower if you have large savings. 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



Metric

Floorplans

Typical Floor Plan Arun Road

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