£69,000

Flat 62 Holmwood Way

1 bedroom Apartment

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Development overview
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Location

Flat 62 Holmwood Way

Ecclesden Park, Angmering, West Sussex, BN16 4QT

One bedroom
Ground Floor
Excellent condition
Integrated Appliances

Two allocated parking spaces
Garden area
Quiet estate
Plenty of storage

Full description
A much loved, beautiful one-bedroom ground floor maisonette is now available to purchase on a shared ownership resale basis on the Ecclesden Park development situated in the coastal village of Angmering. The development is close to outdoor walks and is a short distance from Angmering's village centre. Built in 2023 the property has one spacious bedroom along with two off road parking spaces, light and spacious open plan living and plenty of storage. The property also has fully integrated appliances in the modern, bright kitchen and upgraded flooring with spotlights in the main living area. The good sized bathroom comes with a bath and shower over bath. There is also a separate porch area along with a garden area to the rear of the property

Purchase breakdown

Shared ownership - minimum share of 30% at £69,000
Monthly rent of £370.82
Monthly service charge of £93.55

(within the financial year ending 31 March 2027) - subject to final confirmation)

Council Tax Band - A

EPC - B

£69,000

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, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need around £5,000 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

EPC

112 kB

Key Information Document

PDF 175 kB

Guide to Buying a Resale Shared Ownership Property

112 kB

Location

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If you'd like to find out more about a property, please email [email protected] or call 01403 226060.

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