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Shopwyke Lakes

Shared ownership

Bittern Way, Chichester, PO212LR

For salenew home
Shared ownership
Photo of Shopwyke Lakes
Live from space album cover
  • from

    £116,000

    2 bedroom

from

£116,000

with min. deposit

£5,800

Aster

£116,000

2 bedroom flat

Availability

For sale

Minimum share

40%

Full market price

£290,000

Deposit from

£5,800

Monthly rent

£398

Monthly service charge

£56.76

Bedrooms

2

Bathrooms

1

Reception rooms

1

Furniture status

unfurnished

Number of floors

1

Entrance floor

Ground floor

Tenure

leasehold

Property features

On street/resident parking

Overview

Shopwyke Lakes is our new development located on the edge of Chichester. It's incredibly convenient for city life, but there are also excellent amenities close by include a Sainsbury's superstore as well as Portfield Retail Park.

By road, Bognor Regis is just 15 minutes away and easy access to the A27 connects you quickly to Brighton, Portsmouth, Southampton, and the New Forest, as well as to London via the A3(M).

Chichester train station provides direct rail services to Portsmouth, Bognor and Arundel in under half an hour, while Brighton and Southampton can be reached in less than an hour. Services to London Victoria and London Waterloo take …

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

£116,000

with min. deposit

£5,800

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