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7 The Gatehouse, Denne Parade, Horsham, RH12 1BN

Shared ownership

The Gatehouse, Denne Parade, Horsham, RH12 1BN

Sale under offer
Shared ownership
Photo of 7 The Gatehouse, Denne Parade, Horsham, RH12 1BN
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from

£67,500

with min. deposit

£3,375

25% Share from
£67,500
Full market price
£270,000
Minimum deposit
£3,375
Monthly rent
£480
Monthly service charge
£138.29
Reservation free
£300
Administration free
£450

2 bedroom flat

Situated in an excellent location within walking distance to Horsham train station and town centre this delightful 2 bedroom apartment is a must see.  

 

The apartment is finished to a high standard  and benefits from 2 good size double bedrooms; the master with fitted wardrobes.  A bright open plan living and kitchen; with fully integrated appliances and  a modern fully tiled family bathroom. This property boasts a private balcony and allocated parking

Full price: £270,000
Min share: 25%
Min share value: £67,500
Subsided monthly rent: £480
Minimum deposit: £3,375
Monthly service charge: £138
Remaining lease: 117 years

 

Features

Balcony

On street/resident parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area66
Number of floors1
Entrance floor2nd floor
Tenureleasehold
Lease years117
EER Current84

from

£67,500

with min. deposit

£3,375

25% Share from
£67,500
Full market price
£270,000
Minimum deposit
£3,375
Monthly rent
£480
Monthly service charge
£138.29
Reservation free
£300
Administration free
£450
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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