Shared ownership at Wiles Court, Arun, PO21 5FB

Wiles Court

Wiles Court, 3 Berryfields, Bognor Regis, PO21 5FB

For sale
Shared ownership
Live from space album cover

Overview

  This is a lovely one bedroom apartment located in the desirable location of Bersted Park. The secure door entry system leads to the communal hallway where you will take the stairs to the first floor where the front door leads into the hallway of the property.  The spacious bathroom consists of a white suite with a shower over the bath. The kitchen is accessed through the living / dining room which itself has dual aspect windows with a door opening to the Juliette balcony. The kitchen is fully fitted with wall and base units. The property benefits from plenty of storage space and has been very well maintained. Property measur...

Features

Off street parking

Bedrooms1
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

Register interest

from £112,200

with min. deposit TBD

66% Share from
£112,200
Full market price
£170,000
Minimum deposit
TBD
Monthly rent
TBD
Monthly service charge
£86.96
Annual ground rent
TBD
Reservation free
TBD
Administration free
TBD

Southern Home Ownership

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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