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Cheal Court, Cheal Way, BN17 6FR

Shared ownership

Cheal Way, Littlehampton, BN17 6FR

For sale
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Photo of Cheal Court, Cheal Way, BN17 6FR
Live from space album cover

2 bedroom flat

This is a two bedroom, ground floor purpose built flat in a 4 storey building containing 27 flats of traditional construction, believed to have been built in around 2009.

The current market value is £170,000 for 100%. The minimum 25% share available is priced at £42,500 current rent payable £324.14, pcm, rent is subject to annual reviews. Service charges are currently £121.27 pcm.

125 Years 1st Jan 2009

Viewings by appointment only. Please contact the vendor to arrange – Sebastian Kauwa 07860 612344 or email Sebastian.k341@gmail.com

If you would like to apply after you have conducted a viewing, please email linda.edvardsen@optivo.org.uk or …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£42,500

with min. deposit

£2,125

25% Share from
£42,500
Full market price
£170,000
Minimum deposit
£2,125
Monthly rent
£324
Monthly service charge
£121.27
Optivo (Resales)

Optivo (Resales)

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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