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Kilnwood Vale

Shared ownership

Rookfield Road, Faygate, RH12 4SE

For salenew home
Shared ownership
Photo of Kilnwood Vale
Live from space album cover
  • from

    £73,750

    2 bedroom

from

£73,750

with min. deposit

£3,688

Legal & General Affordable Homes

£73,750

2 bedroom flat

Availability

For sale

Minimum share

25%

Full market price

£295,000

Deposit from

£3,688

Monthly rent

£507

Monthly service charge

£229

Bedrooms

2

Bathrooms

1

Reception rooms

1

Furniture status

unfurnished

Floor area

70

Number of floors

1

Entrance floor

1st floor

Tenure

leasehold

Lease years

990

Property features

BalconyCentral heatingDouble GlazingPets allowedOff street parking
EER Current85
EIR Current89

Overview

The latest phase of two bed apartments has just been released, with homes available to move in Summer 2023.

Discover Kilnwood Vale in West Sussex today.

A new development of Shared Ownership houses in Faygate, West Sussex.

Situated in 140 acres of open space, this development will provide a new neighbourhood park, community green and sports areas for its residents in addition to the footpaths, bridleways and cycle paths.

Kilnwood Vale also benefits from a variety of local amenities including a primary school, nearby shopping centre, country park, selection of restaurants and convenient access to London in under an hour from Faygate Station.

The …

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.

from

£73,750

with min. deposit

£3,688

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