keaze logo

Wellend Villas

Shared ownership

Springfield Road, Brighton, BN1 6BT

For salenew home
Shared ownership
Photo of Wellend Villas
Live from space album cover
  • from

    £116,000

    2 bedroom

from

£116,000

with min. deposit

£11,600

Southern Home Ownership

£116,000

2 bedroom flat

Availability

For sale

Minimum share

40%

Full market price

£290,000

Deposit from

£11,600

Bedrooms

2

Bathrooms

1

Reception rooms

1

Number of floors

1

Tenure

leasehold

Overview

This is your chance to own a 40% share in a modern, spacious and well-presented two-bedroom, third-floor apartment, available through Shared Ownership in Brighton, in Preston Circus/Preston Park area.

Walking through the front door, a welcoming hallway leads around to a door on right where you will discover the family bathroom which boasts shower over bath and is neutrally decorated.

To the right and directly opposite the bathroom you will discover both the spacious double bedrooms. Each bedroom feels light and airy, as large windows allow the light to flood in. The bedrooms are neutrally decorated throughout and are the perfect rooms to …

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

£11,600

Similar properties

Edward Street Quarter
Shared ownership

Edward Street Quarter

new home

Edward Street, Brighton

1 - 2

1

Minimum deposit

£11,600

40% Share from

£116,000

Full price

£290,000

Ockford Park
Shared ownership

Ockford Park

new home

Aarons Hill, Godalming

1

1

Minimum deposit

£5,075

35% Share from

£101,500

Full price

£290,000

137 Riverwell
Shared ownership

137 Riverwell

new home

Flat 100 Batchworth House, Watford

1

1

Minimum deposit

£7,250

50% Share from

£145,000

Full price

£290,000