Shared ownership at New Barn Lane, Arun, PO21 5DB

New Barn Lane

New Barn Lane, Bognor Regis, PO21 5DB

For salenew home
Shared ownership
Live from space album cover

from

£200,000

2 bedroom

from

£325,000

3 bedroom

Register interest

from £60,000

with min. deposit £3,000

£60,000

2 bedroom Flat

£97,500

3 bedroom Semi-detached house

Availability

For sale

For sale

Minimum share

30%

30%

Full market price

£200,000

£325,000

Deposit from

£3,000

£4,875

Monthly service charge

£157.79

£43.95

Bedrooms

2

3

Bathrooms

1

1

Reception rooms

1

1

Number of floors

1

1

Entrance floor

1st floor

-

Tenure

leasehold

leasehold

Property features

Off street parking
Off street parking

Overview

A scheme providing 13 beautiful new homes in Bersted, West Sussex, available through Shared Ownership.

These are a mixture of apartments, bungalows, and houses and are being delivered as part of a larger Linden Homes development, where a total of 90 new homes are being built.

*Images used show the typical finish of previous Optivo show home(s), and are for illustrative purposes only. Features shown may vary.

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.

Similar properties

L&Q at Wavendon Chase
Shared ownership
Newport Road, Milton Keynes
1 - 4
1
Minimum deposit£3,500
35% Share from£70,000
Full price£200,000
Chestnut Meadows
Shared ownership
Marconi Drive, Gloucester
2 - 3
1 - 2
Minimum deposit£4,000
40% Share from£80,000
Full price£200,000
Roman Park, Middlemore
Shared ownership
Kilworth Road, Daventry
2
1
Minimum deposit£5,000
50% Share from£100,000
Full price£200,000