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Cheal way

Shared ownership

Cheal Way, Littlehampton, BN17 6FR

For salenew home
Shared ownership
Photo of Cheal way
Live from space album cover

from

£48,750

with min. deposit

£2,438

25% Share from
£48,750
Full market price
£195,000
Minimum deposit
£2,438
Monthly rent
£578
Monthly service charge
£151.07
Reservation free
£250

2 bedroom flat

Outstanding 2 bed apartment located in peaceful area of Cheal Way.

This property consists of a large open plan kitchen lounge ideal for the family & entertaining.

The property is decorated throughout to a high spec. 

There is a large, well-lit master bedroom, with a second bedroom which could also be used as a nursey/office.

The family size bathroom is in good condition with a generous size bathtub.

This property also benefits from have an allocated parking space. 

 

Viewings by appointment only. Please note Social Distancing measures need to be followed.

Features

Allocated parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area68
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years112
EER Current69

from

£48,750

with min. deposit

£2,438

25% Share from
£48,750
Full market price
£195,000
Minimum deposit
£2,438
Monthly rent
£578
Monthly service charge
£151.07
Reservation free
£250
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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