226-230 South Coast Road
Peacehaven
East Sussex
BN10 8JR
Ovingdean Road, Ovingdean, Brighton
Shared ownership £140,000
3 Bedroom House
- 25% Shared Ownership
- New Build Re Sale
- Ovingdean
- Close to all Amenities
- Rottingdean Village Closeby
- Rear Garden
- Allocated Parking Space
- Cloakroom W/C
- Environmentally Sustainable Home with EPC A Rating
- Kitchen/Dining Room
We are delighted to offer this attractive, superbly presented three bedroom home which is close to open fields, bus links to Brighton and Rottingdean Village. This could be the perfect property for a growing family. Ovingdean is a coastal village in the South Downs, east of Brighton and neighbouring picturesque Rottingdean. The historic village has a conservation area which is home to the eleventh-Century St Wulfran’s Church, Ovingdean Grange, a Grade II-listed manor house, and Ovingdean Hall, a late18th Century country house which was formerly a school.
Built to a well thought out design the home offers a comfortable living space with a stylish modern kitchen, spacious living room and a downstairs cloakroom w/c. The first floor comprises three good sized double bedrooms and a family bathroom. Externally the home boasts allocated parking and a garden benefitting from positioning that enjoys a lot of sunshine. The home is well positioned to benefit from a range of local amenities including close proximity to well performing schools and excellent travel links.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs
Full Market Value - £560,000
£140,000 at 25% share
Rent - £1019.64 per month
Service Charge - £34.88
Financial Qualification
Please take note of the minimum income, (£67,119) which is based on the minimum deposit (£9,500) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.
If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com