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*45% ownership under Orbit Housing Shared Ownership Scheme* Please read Orbit Shared Ownership Scheme section within the details. A beautiful two bedroom purpose built second floor apartment, two bathrooms- ensuite to master, private off road underground parking, lift, central heating system, double glazed windows and doors, open plan kitchen/ living, close to Bexhill Town and mainline railway station to London, viewing highly recommended by RWW sole agents, VACANT POSSESSION.
(Property Ref: 18174826)
Shared Ownership
How does it work?
If outright purchase is not an option for you, this scheme offers an alternative to renting. You can buy an initial share in a new home that you can afford, helping you into home ownership in manageable stages.
This scheme has previously been known as “Part Buy, Part Rent”, and both new-build and re-sale (older) properties are available.
The Housing Association or Registered Provider will offer initial shares of between 25% - 75% of the full purchase price. You pay a subsidised rent on the remaining share that the Housing Association or Registered Provider still own. The combined monthly cost of mortgage and rent will normally be less than if you were purchasing the property outright.
In the future you can simply sell your share for its value at the time or alternatively you can purchase further shares in your home.
With most properties you are eventually able to own the property outright if you wish to, although there are some restrictions on rural schemes.
Am I eligible?
Your annual household income can be no more than £80,000.
You should be unable to purchase a home suitable for your needs without assistance.
You cannot be a current home owner (or be named on the deeds of another property).
You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
With stairs & lift to second floor.
With entry phone system, entrance door, storage cupboard, double radiator.
5.32 x 4.11 (17'5" x 13'5")Window to rear elevation, two double radiators.
2.72 x 2.26 (8'11" x 7'4")Modern fitted kitchen with a range of matching wall and base level units, laminate straight edge work tops, one half bowl sink with drainer and mixer tap, integrated oven & grill, electric hob with extractor canopy and light, built in fridge/freezer.
5.33 x 2.78 (17'5" x 9'1")Double glazed window overlooking rear, two radiators, built in wardrobe cupboard.
Suite comprising of built-in shower cubicle with glass sliding doors and wall mounted mains shower, low level w.c, pedestal wash hand basin with tiled splash back.
4.02 x 2.78 (13'2" x 9'1")Window to rear, radiator, built in cupboard.
Suite comprising panelled bath with mixer taps and shower attachment, part tiled walls, pedestal wash hand basin with tiled splash back, low level w.c, mirror, light and shaver point, radiator.
Secured, under ground parking space.
Combined monthly charge of £463.93. (£305.24 Rental charge to Orbit, £126.13 Service Charge, £12.50 ground rent, management charge £20.06 ) Approx. 112 Years Remaining On Lease.
None of the services or appliances mentioned in these sale particulars have been tested. It should also be noted that measurements quoted are given for guidance only and are approximate and should not be relied upon for any other purpose.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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