£56,250
1 bed flat for sale
Longley Road, Chichester PO19Leasehold
1 bed
1 bath
1 reception
EPC Rating: C
Key information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
Ground rent
Ground rent date of next review
About this property
Guideline Minimum Deposit £5,625
Guide Min Income Dual £23.5k Single £28.9k
First (Top) Floor
Approx. 571 Sqft Gross Internal Area
High Performance Glazing
Communal Heating and Hot Water System
Parking Space
City Centre Within Easy Reach
Shared ownership (Advertised price represents 25% share. Full market value £225,000). A spacious and smartly-presented flat in attractive surroundings. Approximately ten years ago the elegant, high-ceilinged period buildings that made up the former Graylingwell Hospital site were converted to residential use and fitted with internal insulation, updated with appropriate-looking (modern, double glazed) sash windows and connected to a communal heating and hot water system. The property available is on the first floor of one of these buildings and features a reception room with a sleek, open-plan kitchen area. A doorway leads from the bedroom through to a small additional room which could serve as a walk-in wardrobe, study or nursery. There is a simple, white-tiled, naturally-lit bathroom and a good-sized entrance hallway. Nearby Havenstoke Park provides outside space to enjoy and there are a couple of popular coffee shops just minutes away. The flat comes with use of a parking space and is also within walking distance or brief cycle ride of the excellent range of shops and other amenities that Chichester city centre has to offer.
Interested parties are required to complete the shared ownership common application form [ ]
(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 01/09/2014).
Minimum Share: 25% (£56,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £391.17 per month (subject to annual review).
Service Charge: £163.10 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £23,500 Single - £28,900 (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 Hallway
Reception
16' 3" max. X 14' 3" max. (4.95m x 4.34m)
Kitchen
included in reception measurement
Bedroom
12' 7" x 9' 5" (3.84m x 2.87m)
Dressing Room / Nursery
10' 6" x 5' 11" (3.20m x 1.80m)
Bathroom
More information
Listed by
Urban Moves
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